CNH Tracker-China's new free trade zones to hasten capital account opening

April 23, 2015 4:27 AM

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HONG KONG, April 23 (Reuters) - China formally announced details of three more free trade zones (FTZ) this week, a move that suggests the originally Shanghai-driven initiative has now escalated to the national level, analysts say.

The new FTZs in Guangdong, Fujian and Tianjin will be modelled after the Shanghai FTZ established in 2013 as a testing ground for looser rules governing currency conversions and foreign direct investment.

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