Patience needed on China's FTZ

The establishment of the China (Shanghai) Pilot Free Trade Zone has met with a mixed response and some confusion but the move is a necessary step in the evolution of the country’s markets.
On a conference call to announce its participation in the scheme, DBS said it aims to launch services within six months.
On a conference call to announce its participation in the scheme, DBS said it aims to launch services within six months.

One hopes that entry to Shanghai’s new free-trade zone, which opened on Sunday, comes with a handy map and explainer, much like at a theme park.

The China Shanghai Pilot Free Trade Zone FTZ is meant to allow domestic companies to do things they cant do elsewhere on the mainland, such as buy and sell games consoles. It should also enable foreign groups to set up operations on the mainland with a minimum of red tape.  

But experts, whether initially impressed or nonplussed, appear to be at a loss as to what the establishment of the FTZ will mean in practice.

To date,...
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