CSRC to create better environment for international investors to invest in Chinese market: Wu Qing

Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated today (Nov. 18) at the HKEX Connect Summit that the CSRC will consistently adhere to the principles of marketization, rule of law, and internationalization, creating a better environment for international investors to invest in the Chinese market. The CSRC will work closely with Hong Kong regulatory authorities to jointly promote the mutually beneficial and coordinated development of capital markets in both regions.

Wu pointed out that the CSRC is accelerating the promotion of a new round of comprehensive reforms and opening up in the capital market, and will introduce more pragmatic measures in areas such as market opening and facilitating cross-border investment and financing.

At the forum, Bonnie Y CHAN, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited, noted that as the world's second-largest economy, China's financial market still has a relatively low level of foreign investment participation, and that there is significant room for improvement in the proportion of foreign ownership of mainland stocks and bonds.

She contended that, especially with the global economic center shifting eastward and China's economy entering a stage of high-quality development, China will provide greater investment opportunities for the world. The Hong Kong Stock Exchange will play a greater role in connecting capital with opportunities and connecting China with the world.

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