CSRC: Steadily expand the opening-up of commodity and financial futures markets

On November 19, Jin10 Data reported that the Chairman of the China Securities Regulatory Commission, Wu Qing, stated at the International Financial Leaders Investment Summit that the Commission will anchor a high-level system-oriented opening goal, adhere to coordinated development and security, and firmly deepen the dual-opening of the Capital Market, further facilitating cross-border investment. Firstly, it will further maintain smooth channels for overseas financing, improve the efficiency of filing for overseas listings, actively support qualified domestic enterprises to list overseas, and make better use of the resources of the two markets. Secondly, it will continue to expand connectivity with overseas markets, expand the scope of the Shanghai-Hong Kong Stock Connect, expand the connectivity of multiple certificates, and attract global medium- to long-term funds. Thirdly, it will deepen the opening of the bond market, steadily expand the opening of commodity and financial futures markets, better meet the diversified investment choices of international investors, and the needs of Risk Management. Fourthly, it will carry out in-depth cross-border supervision and law enforcement cooperation in securities and futures, continue to strengthen normalized communication with international investors, effectively enhance the stability, transparency, and predictability of policies, and continuously improve the convenience for foreign institutions to operate in China.