2024 RT Amination Banner.gif

China Daily

News> Business> Content
Monday, June 03, 2019, 18:00
CSRC rejects US claims of financial sector restrictions
By Xinhua
Monday, June 03, 2019, 18:00 By Xinhua

This undated file photo shows Yi Huiman, head of the China Securities Regulatory Commission. (PHOTO / VCG)

BEIJING — The US' accusation of China still placing many restrictions on financial services is ungrounded, the country's top securities regulator said.

The opening-up of China's capital markets and financial sectors will not be affected by the China-US trade frictions, Yi said

China has seen substantial opening-up in securities and assets management services in recent years such as the wider market access offered to securities, futures and funds firms, said Yi Huiman, head of the China Securities Regulatory Commission (CSRC).

The opening-up of China's capital markets and financial sectors will not be affected by the China-US trade frictions, as it is necessary for China's financial sectors to improve their services and global competitiveness, Yi said.

ALSO READ: CSRC widens avenues for futures trade

China will stick to the timetable and plan unveiled in 2018 for the opening-up of financial sectors, said Yi.

He said the scrapping of shareholding limits for foreign investors in securities and futures sectors will be carried out before 2021.

ALSO READ: Reforms boost securities firms

The government will also gradually expand the opening-up of the exchange-traded bonds market and introduce overseas traders to commodity futures markets with ripe conditions, Yi added.


Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !