World's biggest banks will develop Shanghai free economic zone

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Chinese authorities are planning the Shanghai region to become one of the world's financial capitals by year 2020. While achieving this goal, the government will ease the conditions to make business in Shanghai. Citigroup, HSBC and Standard Chartered banks said they are interested in developing the free economic zone by offering financing opportunities to new businesses.
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