Our reporter Xing Meng
Trainee reporter Guo Jichuan
On May 24, the Shenzhen Stock Exchange 2022 Global Investor Conference officially opened.Fang Xinghai, vice chairman of the China Securities Regulatory Commission, said at the opening ceremony that in recent years, the China Securities Regulatory Commission has conscientiously implemented the strategic deployment of the CPC Central Committee and the State Council on expanding financial opening, and accelerated the implementation of the two-way opening of the capital market. high-quality development of the capital market.
Fang Xinghai introduced that the CSRC will continue to expand the channels for foreign investment in the A-share market, continue to improve the Shanghai-Shenzhen-Hong Kong Stock Connect mechanism, expand the targets of Shanghai-Shenzhen-Hong Kong Stock Connect, promote the implementation of the new QFII regulations, and promote the gradual increase in the proportion of A shares in the international index. The convenience of participating in A-share investment has been significantly improved.Up to now, foreign capital has accumulated a net investment of more than 1.6 trillion yuan in A-shares through Shanghai-Shenzhen Stock Connect, and foreign capital holds about 5% of the circulating market value of A-shares."As the epidemic prevention and control in Shanghai and other places has achieved results and the global relative investment value of China's stock market has emerged, it is expected that this year's foreign investment in the A-share market will continue the trend of the past few years."
Fang Xinghai said that the China Securities Regulatory Commission launched the Shanghai-London Stock Connect mechanism, and four Shanghai-listed companies including Huatai Securities completed GDR issuance and listed on the London Stock Exchange, raising US$5.84 billion.At present, seven companies listed in Shanghai and Shenzhen have announced plans to issue GDRs under the China-Europe Connect mechanism.
The China Securities Regulatory Commission vigorously promotes the opening of the futures market, and the internationalized varieties of commodity futures and options continue to increase. At present, a total of 9 varieties are open to foreign investors, and the proportion of international investors' transactions and positions is between 5% and 10%; There are restrictions on foreign shareholding ratios in securities and futures fund companies. At present, 12 foreign-owned or wholly-owned securities, fund and futures companies have been approved, and 3 foreign-funded banks have obtained fund custody qualifications in their Chinese subsidiaries.
Fang Xinghai emphasized that opening to the outside world has provided a strong impetus for the development of China's capital market.my country's capital market has grown into the second largest market in the world. The total market value of listed companies has exceeded 75 trillion yuan. The number of listed companies has increased rapidly in recent years, and the total number has exceeded 4,700.Listed companies are excellent representatives of China's economy, providing sufficient investment options for domestic and foreign investors.
Opening to the outside world has strengthened the driving force of market players to implement new development concepts, and promoted listed companies to actively implement the "dual carbon" strategy and fulfill their social responsibilities.In recent years, more and more listed companies have voluntarily disclosed ESG reports to meet the needs of international institutional investors for environmental protection, social responsibility and corporate governance information disclosure, and promote the realization of my country's "dual carbon" goal.Opening to the outside world guides listed companies to strengthen technological innovation. Technological and business innovation is a major highlight of Chinese listed companies attracting international investors.
