CRI听力:Shanghai FTZ Mulls Offshore Investment Program for Residents

Authorities in Shanghai have announced a new program to allow people living in the Shanghai Free Trade Zone to become individual overseas investors.

Under the new scheme, people who have lived and worked in the FTZ for a year will be allowed to become part of the overseas investment strategy.

At the same time, authorities in Shanghai are also planning to expand the annual foreign exchange quotas from 50-thousand US dollars a year to as much as 300-thousand US dollars.

This should allow traders to invest more in the overseas markets.

For more on the move we are joined on the line by CRI's financial commentator, Cao Can.

With contributions from Xinhua