Former Chinese Finance Minister Lou Jiwei said that the Chinese authorities may open up foreign capital listing in China in the future.

(Reuters)

[Financial Channel/Comprehensive Report] According to the Chinese media "21st Century Business Herald", Lou Jiwei, the former Minister of Finance of China, said on Saturday (18th) that China will encourage foreign capital to participate in the financial market, and "when the conditions are ripe", it will Allow foreign-funded financial institutions to go public in China's capital market.

Lou Jiwei said at the Global Asset Management Forum held in Beijing that the opening up of the financial industry is an important part of China's opening up to the outside world. Since the opening up, foreign-funded institutions have become an indispensable part of China's financial system.

He also emphasized that when the time is right in the future, foreign capital will give full play to its characteristics and advantages and bring experience and vitality to China's financial market.

Please read on...

At the same forum, Cao Yu, vice chairman of the China Banking and Insurance Regulatory Commission, said China would respond to the demands of foreign financial institutions to promote the common development of Chinese and foreign financial institutions.

Since the end of the strict zero-clearing at the end of last year, China has been actively attracting foreign investment to help the economic recovery after the epidemic.

In recent months, the Chinese government has accelerated the approval of fund licenses for foreign asset managers.

In addition, Lou Jiwei also commented on the collapse of Silicon Valley Bank (SVB), saying that Chinese authorities attach great importance to financial prevention and risk resolution. He said: "We will continue to cooperate with regulators in other countries to jointly prevent and resolve global financial crisis systemic risk and maintain the stability and prosperity of the global financial market.”

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news