Administrators said more detailed policies will be introduced in the China (Shanghai) Pilot Free Trade Zone this year in order to boost interest and push forward reforms.

Zhou Zhenghua, head of the Development Research Center of Shanghai Municipal People's Government, said at a news conference in Shanghai on Sunday that the so-called "negative list" for the FTZ may be cut by 40 percent in 2014, meaning more sectors will be opened up to investors in the zone.

The Shanghai government published the list of areas that are off-limits or come with restrictions to investors in the FTZ last September. The list currently includes 190 special regulatory measures, covering a broad range of activities.