China’s top regulators promise more market reforms, with Hong Kong in linchpin role

Quick Summary:

The CSRC will continue to work with Hong Kong regulators to connect international investors with the mainland’s markets, CSRC chairman says.

In April, CSRC indicated it would allow mainland investors to trade shares in yuan, and add more exchange-traded funds to the connect scheme, as well as allow more large mainland companies to list in Hong Kong.“All of these schemes are in the process of being implemented, and CSRC has already approved major mainland players such as SF and Midea Group to list in Hong Kong,” Li said.

The CSRC will continue to support Hong Kong in extending the Stock Connect scheme, as well as encouraging new share listings, Li Ming, CSRC’s vice-chairman, said at the summit.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongChina

Topics: Continue Hong Investors International Market Csrc China Summit Mainland Regulators Kong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 12:56:08 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 271 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 55 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23648671

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