Graphics: China Daily The name plate of the China (Shanghai) Pilot Free Trade Zone on a gate of the Waigaoqiao free trade zone in Shanghai. ZHAO YUN FOR CHINA DAILY Shanghai Free Trade Zone's Direct Sales Center of Imported Commodities has recently opened a shop at one of the city's subway stations. The shop has attracted customers because some of the goods there are unique and prices are about 50 percent cheaper than those in ordinary shops. [PhotoXinhua] Move designed to integrate Guangdong with China's two SARs
China is considering a stock trading link program to allow Hong Kong and Shenzhen investors to buy and sell shares on each city's bourse.
The move is part of efforts to integrate Guangdong province Michael Porter Nuggets Jersey , the mainland's reform front-runner, with the country's two special administrative regions.
Experts said the proposal, a key step in building the Guangdong Free Trade Zone, will further promote China's financial openness, following the launch of the Shanghai-Hong Kong Stock Connect in November.
Premier Li Keqiang made the announcement on Monday during a visit to Nansha New Area, one of the three areas in the Guangdong FTZ.
"One reason the central government approved the Guangdong FTZ is the geographic proximity to Hong Kong and Macao Malik Beasley Nuggets Jersey ," he said.
"So the first step in building the FTZ is to deepen integration with the two special administrative regions, where the two sides can well complement each other, especially in the trade of services."
Zhu Xiaodan, the Guangdong governor, proposed issuing a list of areas off limits to foreign investors, as the Shanghai FTZ currently does. He will also issue a shorter list with fewer restrictions on Hong Kong and Macao investors.
The proposed Guangdong Free Trade Zone is modeled on Shanghai's pilot FTZ.
It is expected to be more open and closely connected with Hong Kong and Macao Kenneth Faried Nuggets Jersey , especially through the Closer Economic Partnership Arrangement, a pact aimed at building closer economic ties between the three areas.
The Guangdong zone, covering 116.2 square kilometers, includes Qianhai and Shekou Industrial Zone in Shenzhen, Hengqin in Zhuhai and Nansha