China gives Shenzhen more autonomy for market reform, integration

China on Sunday detailed steps to grant more autonomy to Shenzhen, letting the southern financial and technology hub pilot reforms in market development and economic integration. The changes announced by the National Development and Reform Commission include more flexibility to pursue reforms in areas such as land use and cross-border arbitration. Shenzhen will launch stock index-futures products and will be allowed to issue offshore yuan-denominated local government bonds.

China gives Shenzhen more autonomy for market reform, integration

China gives Shenzhen more autonomy for market reform, integrationChina on Sunday detailed steps to grant more autonomy to Shenzhen, letting the southern financial and technology hub pilot reforms in market development and economic integration. The changes announced by the National Development and Reform Commission include more flexibility to pursue reforms in areas such as land use and cross-border arbitration. Shenzhen will launch stock index-futures products and will be allowed to issue offshore yuan-denominated local government bonds.