Shanghai's free trade zone to spur China interest rate hedging market
The Shanghai FTZ could prove a rival to Hong Kong if the experiment is a success
The Shanghai free trade zone (FTZ) could provide a boost to the interest rate hedging market in China as market participants are able to experiment with hedging market-driven rates in the new zone, according to observers.
China has established a number of special economic zones since Shenzhen in 1980 with a focus on manufacturing. The Shanghai FTZ, approved for establishment on September 29, 2013, has a focus on services ranging from shipping and financial services to cultural services.
The FTZ
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