Shanghai FTZ to be more open

The China (Shanghai) Pilot Free Trade Zone (FTZ) will roll out a much shorter "negative list" in 2015, which means that the zone will be more open to overseas investors, Sichuan-based newspaper National Business Daily reported Tuesday, citing Shang Yuying, an official from the Shanghai Municipal Commission of Commerce.

The zone's 2014 "negative list" was published in July, and has named 139 items that are closed to overseas investment.

Shang also said that the FTZs in South China's Guangdong Province, East China's Fujian Province, and North China's Tianjin Municipality will use the same "negative list" as Shanghai in the future.