• By The Financial District

China To Open Its Capital Markets To Foreign Investors

China will further open its capital markets to foreign investors, the country's top securities regulator said late, adding that it will pursue pragmatic cross-border cooperation to regulate overseas-listed Chinese companies.

Photo Insert: China made the announcement at the World Federation of Exchanges.

Global investors have been spooked in recent months by a flurry of Chinese regulations targeting sectors ranging from technology to private tutoring. The US plans to kick non-compliant Chinese firms out of American exchanges have also fueled concern.

"Opening-up and cooperation is the inevitable trend in the integrated development of global capital markets," China Securities Regulatory Commission (CSRC) Chairman Yi Huiman told a conference organized by the World Federation of Exchanges, Samuel Shen and Ryan Woo reported for Reuters.

China is studying further measures, including expanding the scope of the stock connect scheme linking China and Hong Kong and improving the Shanghai-London Stock Connect program, Yi said in a speech posted on CSRC's website.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Meanwhile, CSRC will conduct "pragmatic" cooperation in areas such as supervision of overseas-listed Chinese companies, cross-border auditing, and law enforcement, he added.

Yi said that given interwoven global markets, governments should abandon the mentality of a "zero-sum game," as companies and investors share both the boom and the doom.

Market & economy: Market economist in suit and tie reading reports and analysing charts in the office located in the financial district.

Global financial centers should facilitate cross-border financing, "rather than become the platforms and tools governments use to sanction other countries," Yi said, without mentioning the US.


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