Date
12 December 2017

CSRC outlines steps to open up markets further, paper says

The China Securities Regulatory Commission (CSRC) will take four steps to further open up the nation’s capital markets this year, the Securities Times reported Tuesday, citing the agency’s chairman Xiao Gang {肖鋼}. First, the CSRC will expand the qualified foreign institutional investor (QFII) and renminbi qualified foreign institutional investor (RQFII) schemes. Next, a “negative list” approach will be adopted for mainland companies to create more opportunities in bilateral trade and investment. Thirdly, cooperation between Hong Kong, Macau and Taiwan will be further strengthened on the basis of their existing economic partnership deals. Lastly, the watchdog will encourage domestic securities companies and fund management firms to expand their operations overseas, Xiao was quoted as saying.

– Contact HKEJ at [email protected]

EL/AC/RC

 

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