China to shape Tianjin into financial hub
(Xinhua)
Updated: 2006-06-27 15:00
China has made known a tentative plan with the purpose of building Tianjin
into a financial center in the north through introduction of a range of reform
measures at the city's Binhai New Area.
Tianjin Mayor Dai Xianglong says
that experiments will be made in reforming the scope of banking business, ways
of fund-raising and control of foreign exchange at the Binhai New Area.
Measures will be part of the economic and administrative reforming
efforts to cultivate Binhai New Area into a new engine of growth.
Earlier this month, Binhai New Area, with an area of 2,270 square
kilometers, was announced by the State Council to be an experimental zone for
comprehensive reforms.
It will be built into a third economic powerhouse
in the country after Shenzhen in south China's Guangdong Province and Pudong New
Area in Shanghai.
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