Further opening for capital markets on way

Yi Huiman, Chairman of the China Securities Regulatory Commission (CSRC), says the country will open its capital markets wider to foreign investment with a series of new measures that are sure to please investors in the Shenzhen and Shanghai exchanges.

These include encouraging more foreign participation in the exchange bond market, and facilitating the issuance of yuan-denominated “Panda bonds” by overseas institutions.

In addition, China plans to allow local units of foreign fund managers to buy Hong Kong stocks via the cross-border Stock Connect scheme, and will also relax rules for foreign banks to provide fund custodian services in China.

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