GCTL8.com (FocusAsia Media Ltd)

SHANGHAI, Apr 5 (FAM) – The China (Shanghai) Pilot Free Trade Zone (FTZ) will strive to become an investment and financing hub for the country’s “Belt and Road” initiative, encouraging the offer of onshore bond insurance to attract investors, the city’s financial officials said today during a media briefing on the new reform plan of the zone.

“Shanghai FTZ plans to attract sovereign funds from countries along the Belt and Road regions to invest in onshore yuan-denominated assets,” said Li Jun, vice director of the Shanghai Financial Service Office. “It supports qualified foreign companies to develop and expand its business by making use of China’s capital market.”