Liu, Xinhong; Norliza Hamir Basah - In: China finance and economic review : CFER 14 (2025) 1, pp. 92-112
In September 2013, the Chinese government approved establishing Shanghai Pilot Free Trade Zone (SPFTZ), the first Pilot Free Trade Zone (PFTZ) in the country. SPFTZ mainly implements policy and institutional innovation, aiming to extend reform and opening-up, generate the dividends of reform,...