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Premier urges FTZ to push reform through opening up

Updated: Apr 23,2015 10:51 AM

During a visit to a branch of the Industrial Bank in the Fujian Free Trade Zone on April 23, a customer told Premier Li Keqiang that one needs to pay less than 4 percent as fees when he applies a loan from the Hong Kong branch of the bank through cross border finance, which is lower than in mainland.

The Premier said that the aim of the FTZ is to push reform through opening up and opening up of cross border finance will help lower financing costs on the mainland.