Christie’s mainland Chinese debut, the First Shanghai Auction on September 26, coincided with the opening of a free-trade zone in Shanghai.
The new zone, which covers 11 sq miles (29
sq km), is divided into 18 sectors, ranging from finance to
shipping, where regulations will be loosened to facilitate imports
Restrictions on foreign investment will be eased inside the area
while exchange rates and interest rates will be set by markets.
Antiques Trade Gazette is the weekly bible of the fine art and antiques industry. Read articles like this every week in the Antiques Trade Gazette or ATG app. Click here to subscribe today.