A financial plaza in Wenzhou, Zhejiang province, was launched on Wednesday as part of greater citywide reforms that started in March after hundreds of businessmen fled the city from overwhelming debt.

A total of 32 enterprises and agencies have set up offices in the plaza, including centers for small- and medium-sized enterprises financial services, auction trading, private capital management and overseas investment information and services.

The plaza will allow individual and companies to engage in international trade and make investments directly.

More centers and agencies will be added to the plaza to increase the ability of local enterprises to take part in financial projects.