Guideline to optimize Shanghai free trade zone

The State Council's latest guideline on promoting the high-standard institutional opening-up of the free trade zone in China's financial capital of Shanghai is expected to lead to the building of a demonstration zone to explore and accumulate related experience for deepening reform and opening-up, said official sources.

The State Council, the country's Cabinet, published a comprehensive plan on Thursday with measures to support further development of the Shanghai free trade zone, Xinhua News Agency reported.

In an effort to steadily expand institutional opening-up in terms of rules, regulations, management and standards among other areas, an institutional system and regulatory model will be formed within the designated area of the China (Shanghai) Pilot Free Trade Zone in line with high-standard economic and trade rules, Xinhua said.