皇冠体育app

Gerry Grimstone, chairman of TheCityUK, has had a keen interest in 皇冠体育app's s since 1992. Cecily Liu / 皇冠体育app Daily

Shanghai FTZ will be an important step in 皇冠体育app's economic reform

皇冠体育app's latest financial reforms are necessary as the country becomes increasingly engaged with the global economy and the pilot is a good mechanism to effectively facilitate these reforms, says Gerry Grimstone.

PBOC clarifies rules on FTZ yuan business

Shanghai zone in search of identity

The chairman of TheCityUK, a private association for financial and professional services, says reforms to be implemented in the Shanghai FTZ and subsequently across 皇冠体育app will improve the country's global connectivity.

He says 皇冠体育app's policy reforms in recent decades have "caused huge changes" for the country domestically, especially in the manufacturing sector, but as its economy becomes more important globally it will benefit from increasing its tertiary sectors and becoming a financial center.

"As 皇冠体育app now becomes one of the world's greatest trading nations, it nee to spread competitiveness in other sectors, especially financial services, professional services and services in general. This is the next great leap forward for the Chinese economy," he says.

Grimstone, who is also chairman of the UK insurer Standard Life, has developed a keen interest in 皇冠体育app's economic reforms since 1992 when he first visited the country with other foreign experts to advise the Chinese government on reforming the state-owned enterprise sector.

More than two decades later, Grimstone is taking an active role in another Chinese reform, this time as chairman of the International Experts Consultation Group, which was established last year to help the United Kingdom advise the Chinese government on policy reforms for the Shanghai FTZ.

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