Fang Xinghai, CSRC Vice Chairman, proposed 4 policy suggestions on promoting comprehensive institutional opening-up of China’s capital market at the 2nd Bund Summit: 1/6
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1. Continue to open up the capital market and products. Introduce more channels and models for foreign investors to participate, address their concerns, increase the weight of A-shares in international indices,...2/6
...improve the Shanghai-London Stock Connect to cover more major capital markets in Europe, expand offering of futures products to meet the risk management needs of foreign businesses and investment institutions, and introduce more foreign institutional investors. 3/6
2. Improve opening-up of the securities, funds and futures. Create a level playing ground for domestic and foreign institutions, and encourage them to provide better cross-border services to satisfy businesses’ investment and financing needs. 4/6
3. Deepen regulatory collaboration with overseas regulators and international organizations to address issues e.g. audit oversight of Chinese companies listed overseas and protect global investors. Crack down on financial frauds in cross-border listing and securities issuance.5/6
4. Enhance regulatory capacity for an open market. Improve monitoring of cross-border capital flows, and establish cross-border cooperation and law enforcement mechanisms on data reporting and investor protection. 6/6
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