HSBC is first to complete trade transaction under new rules for Shanghai FTZ

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Asia-Pacific

Jonathan Bell

Editor-in-chief

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HSBC has become the first foreign bank to complete a transaction under the new offshore borrowing policy within the Shanghai Free Trade Zone (FTZ). The Chinese authorities recently further relaxed the rules governing offshore borrowing activities via Free Trade Accounts (FTAs) in the zone – which has allowed this deal to take place.