Original title: Fang Xinghai: Improving the regulatory system for overseas listing of enterprises to prevent large capital inflows and outflows. Source: Securities Times.com
Fang Xinghai, vice chairman of the China Securities Regulatory Commission, stated at the 2021 China International Finance Annual Forum on September 4 that the China Securities Regulatory Commission will unswervingly promote high-level opening up to the outside world. Introduce more international products, deepen the interconnection of domestic and foreign capital markets, improve and expand the Shanghai-London Stock Connect mechanism, and improve the regulatory system for overseas listing of enterprises; the second is to further leverage Hong Kong’s opening role in the capital market. The status of a financial center supports Hong Kong and the Mainland to carry out all-round pragmatic cooperation, including enriching the Shanghai-Shenzhen-Hong Kong Stock Connect, and supporting domestic and foreign companies to list in Hong Kong; the third is to further strengthen the regulatory capabilities under openness, and strengthen the monitoring and monitoring of cross-border investment behavior. Analyze and judge, prevent the risks of large capital inflows and outflows, and properly solve problems encountered in cross-border supervision cooperation.