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CSRC To Steadfastly Promote High-lv. Opening of Capital Mkt: Chair Wu Qing
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Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will steadfastly promote the high-level opening of capital markets, refine the framework for global integration, and steadily roll out practical measures for openness. These include: 1) Continuously expanding institutional access: Further optimizing services for Qualified Foreign Institutional Investors (QFIIs) and supporting eligible foreign institutions in applying for securities and fund investment consulting qualifications; and encouraging overseas investors to establish RMB-denominated funds in China in accordance with regulations. 2) Further enriching product offerings: Advancing the opening of futures and options to QFIIs and supporting domestic and foreign futures exchanges in expanding cooperation on commodity futures settlement price authorization. 3) Constantly deepening market access: Streamlining and optimizing the overseas listing filing mechanism, processes, and requirements to enhance filing efficiency; and strongly supporting the development of Shanghai as an international financial center (IFC) and reinforcing Hong Kong’s status as an IFC. AAStocks Financial News |
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