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Shanghai FTZ free trade account realizes over RMB560bln financing by end-June

September 09, 2016


Abstract : Enterprises have obtained approximately 568.1 billion yuan of financing in domestic as well as foreign currency through Shanghai Free Trade Zone (FTZ)'s free trade accounts by the end of this June, with yuan's average interest rate being at 4.12 percent.

BEIJING -- Enterprises have obtained approximately 568.1 billion yuan of financing in domestic as well as foreign currency through Shanghai Free Trade Zone (FTZ)'s free trade accounts by the end of this June, with yuan's average interest rate being at 4.12 percent, according to a source with the People's Bank of China Shanghai head office.

The free trade account has been operating steadily since initiated, which greatly helped facilitated the real economy, the Xinhua-run cnstock.com cited the source as saying.

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