Date
23 October 2017

CSRC chief reiterates support for Qianhai, paper says

Xiao Gang {肖鋼}, chairman of the China Securities Regulatory Commission (CSRC), said on Tuesday that the regulator will continue to support the development of Qianhai to help it become an experimental zone for innovations, Shenzhen Economic Daily reported Wednesday. In an interview during a visit to the Qianhai area, Xiao said all supportive capital market measures that are put in place for the Shanghai free trade zone will also be applied to Qianhai. According to Qianhai authorities, nearly 5,000 firms are setting up operations in the zone, with 60 percent made up by financial firms. Authorities are eyeing approval for enlarged scope of the qualified foreign institutional investor (QFII) and renminbi qualified foreign institutional investor (RQFII) schemes, and for launch of real estate investment trust (REIT) products, the report said.

– Contact HKEJ [email protected]

TL/AC/RC

 

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