Enterprises have obtained approximately 568.1 billion yuan of financing in domestic as well as foreign currency through Shanghai Free Trade Zone (FTZ)'s free trade accounts by the end of this June, with yuan's average interest rate being at 4.12 percent, according to a source with the People's Bank of China Shanghai head office.
The free trade account has been operating steadily since initiated, which greatly helped facilitated the real economy, the Xinhua-run cnstock.com cited the source as saying.
Statistics show that there have been 45 financial institutions linked directly with the free trade account system by the end of this June, opening 55,000 free trade accounts and processing cross-border settlement of 6.7 trillion yuan and servicing about 25,000 domestic and foreign enterprises.
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