Wu Qing: Strongly support the construction of Shanghai International Financial Center and the consolidation and enhancement of Hong Kong International Financial Center's position. Steadily promote the inclusion of RMB stock trading counters in the Hong Kong stock Connect.
Chairman of the China Securities Regulatory Commission, Wu Qing, attended and introduced the situation related to the "comprehensive financial policy to support market stability and expectations". He stated that currently, foreign securities financial institutions and foreign investment have become important participants in the A-share market, with foreign investment holding A-share market value stable at around 3 trillion yuan through QFII, Shanghai-Hong Kong Stock Connect, and other forms. In the next stage, the China Securities Regulatory Commission will firmly promote high-level opening up of the capital market to the outside world, further improve the pattern of opening up to the outside world, and steadily introduce a series of practical measures for opening up to the outside world. Firstly, continue to expand institutional openness. Further optimize the access services for qualified foreign investors. Support eligible foreign institutions in applying for qualifications for securities and fund investment consulting services. Encourage overseas investment institutions to establish Renminbi funds for domestic investments in compliance with regulations. Secondly, further enrich product supply. Promote the opening of futures and options to qualified foreign investors, support domestic and foreign futures exchanges in expanding commodity futures settlement price authorization cooperation. Thirdly, continuously deepen market opening up. Streamline and optimize the mechanism, process, and related elements of the overseas listing filing, to improve the quality and efficiency of overseas listing filings. Strongly support the construction of Shanghai International Financial Center and consolidate and enhance the status of Hong Kong as an international financial center, steadily promote the inclusion of RMB stock trading counters in the Hong Kong stock connect, support the introduction of cross-border investment and risk management products in Hong Kong, and various measures for cooperation with Hong Kong. Fourthly, strengthen bilateral and multilateral cross-border regulatory cooperation. Further strengthen cooperation in securities regulatory and audit supervision, safeguard the legitimate interests of enterprises in overseas markets, create conditions to support the return of high-quality Chinese concept stocks to the mainland and Hong Kong stock markets, while also protecting the legitimate rights and interests of investors.
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