Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Economy

HOME > Economy


China strives for steady growth of capital market

August 9, 2018


Abstract : China will expand the reform and opening up of the capital market to ensure the market's healthy growth and better serve the country's supply-side structural reform and high-quality economic development, the securities regulator said Wednesday.

timg (1)

BEIJING, Aug.9(Xinhua) -- China will expand the reform and opening up of the capital market to ensure the market's healthy growth and better serve the country's supply-side structural reform and high-quality economic development, the securities regulator said Wednesday.

The country will implement policies to relax the control over the ratio of foreign investment in the securities sector, according to a statement from the China Securities Regulatory Commission (CSRC).

China will allow 51-percent foreign ownership of brokerages, futures dealers, and life insurers, and remove the cap entirely by 2021, according to a new negative list for foreign investment released in June.

The country will also make active preparations for launching the Shanghai-London stock connect program within the year, the CSRC said.

Efforts should also be made to amend rules on qualified foreign institutional investors to standardize and expand market access, it said.

The commission will continue to improve its systems for approving initial public offerings and supervising mergers and acquisitions while improving and resolutely implementing the delisting policies, the statement said.

It will also boost its capability of serving investment banks in a bid to explore the creation of investment banks with global competitiveness.

The CSRC pledged to enhance law enforcement and crack down on all kinds of violations to protect investor interests, especially the interests of small- and medium-sized enterprises.


Related Coverage

Focus

Think Tank

  • BRI offers S. China's Guangxi greater development op...

    December 10, 2018

    BRI has offered Guangxi greater opportunities for development, and allowed i...

  • Climate change and the G20

    December 10, 2018

    The G20 Leaders' Summit 2018 will be a milestone in humankind's global clima...

  • EU plan won't stop Chinese investment

    December 6, 2018

    Once the final mechanism of the screening framework comes into force, the EU...

  • 5G more deserving of investment than transportation

    December 6, 2018

    while improving traditional transportation infrastructure, the central gover...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial