Administrators of the Shanghai Services Federation (SSF) announced at an financial innovation forum of the Shanghai Pilot Free Trade Zone, on July 19, that they will set up a free trade zone service and exhibit center and an assets trading center with Shanghai’s United Assets and Equity Exchange (SUAFE).

The exhibit area will have three parts -, an asset trading center, a promotion and exhibit center, and a wholesale market - with the asset trading center provided with a transaction and clearing system for assets.

Dai Haibo, vice-director of the FTZ administration, said they have opened 484 accounts for enterprises and individuals since the FTZ went operational in September, 2013 and have promoted FTZ development. Now, with an institutional financial innovation framework, the zone’s financial service sector is ready to prosper as its innovations and reforms swing into operation, with free and open interactions between capital markets and interest rate liberalization now pending.