Fang Xinghai:8 foreign-owned securities companies have been approved
On October 24th, at the 2nd Bund Financial Summit, Fang Xinghai, the vice chairman of the China Securities Regulatory Commission, said that expanding the opening of the capital market is important for opening up my country The blocking points in the financial system are of great significance to promote the high-quality development of the capital market and promote the formation of a new development pattern. Specifically, there are three main aspects:First, expanding the opening of the capital market is conducive to promoting the smooth docking of domestic and international cycles. Second, expanding the opening of the capital market is conducive to enhancing the adaptability of financial services to the real economy. Third, expanding opening is conducive to the high-quality development of the capital market itself.
According to Fang Xinghai, at present, 8 foreign-owned securities companies have been approved, and the first wholly foreign-owned fund company and the first futures company have successfully landed. There has been a tendency for foreign private equity fund companies to enter my country, especially concentrated in Shanghai.
(Edit Zhang Wei)