Li fought strong opposition to Shanghai free-trade zone plan

Premier Li Keqiang fought open opposition from financial regulators in his bid to push through a landmark plan for a free-trade zone in Shanghai. It is the clearest sign yet that the nation's new leadership is determined to deliver long-delayed economic reforms.

Financial industry regulators, including the China Banking Regulatory Commission (CBRC) and China Securities Regulatory Commission (CSRC), openly disagreed with Li's plan to open Shanghai's financial services sector to foreign investors.

via Business feed http://www.scmp.com/news/china/article/1282793/li-fought-strong-opposition-shanghai-free-trade-zone-plan