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The article discusses aspects on the free trade zone (FTZ) set by Shanghai, China in July 2013 and its implications to the financial competition in the country. It states that the FTZ announcement drawn various speculations on how it will strengthen Shanghai's ability to compete against Hong Kong, China as an international finance center. It mentions that the plan covers several aspects on financial deregulation to improve the foreign exchange rate of the country.

The article discusses the proposed establishment of a free trade zone (FTZ) in Shanghai, China as of October 2013, focusing on the potential role of the FTZ in Shanghai, China's attempt to compete with Hong Kong as an international finance centre. Other topics include Internet censorship in China, renminbi (RMB) currency in capital accounts, and China's Communist Party. Foreign exchange rates and the rule of law in Hong Kong are examined, along with financial services attorneys.