SIP aims to develop into a regional industrial capital center where financial services serve as a major “engine” for industrial development. 

 

The “16 Articles on Financial Opening-up and Innovation” is part of the efforts to achieve the goal. The articles are expected to propel significant reform and innovation of financial service mechanisms and help sweep out the obstacles hindering the development of financial services.

Over the past months, many enterprises in the FTZ have benefited from the articles. For example, one of the articles has facilitated the settlement concerning foreign exchange for tens of enterprises.