CSRC to set up in Qianhai special zone

The economic zone in Shenzhen is hoping for a financial breakthrough in 2014, including inviting regulators and various financial institutions to set up offices in the site.

The China Securities Regulatory Commission is to open an office in the Qianhai economic zone in Shenzhen, an important step meant to aid financial reform in the country’s special economic zones.

CSRC’s move makes Qianhai the first among all such free-trade zones to have an office from a central regulator, stealing some limelight from the latest large reform push from Shanghai’s own FTZ.

The office will begin operations in the near future, according to Li Qiang, deputy director general of Authority Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen, on a Tuesday panel on Asian Financial Forum.

“To introduce regulators...

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