Shanghai FTZ E-Commerce Platforms Favorable for SMEs, ANZ Says

PBOC’s move to allow third-party e-payment platform in Shanghai’s free-trade zone will facilitate trade activities of small- and medium-sized firms, ANZ economists led by Liu Li-gang and Raymond Yeung write in note. * FTZ’s e-commerce platforms will also support real trade flows and facilitate cross-border yuan business: ANZ * Commercial banks usually prefer to deal with big companies on yuan trade settlement facilities: ANZ * NOTE: ICBC, BOC, CCB Sign Cross-Border Payment Pact for Shanghai

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