These five tasks include: continue to deepen the reform of the distribution system, actively promote the merger and reorganization of listed companies, further expand the opening-up, increase the relevant basic system reform, comprehensively enhance the service capacity of investment banks and strengthen the overall strict supervision by law. In a number of market participants, the SFC clear the second half of the work, the A-share market stable operation to bring positive signals.
Among them, deepening reform and opening up or will become the second half of the SFC to promote the most important.
Since this year, the Securities and Futures Commission has actively explored the deepening reform in the areas of listing, merger and reorganization, delisting, listed companies, corporate governance and so on, and has achieved positive results.
Taking the delisting system as an example, on the evening of July 27, the SFC issued a revised 's decision, the 2014 "on the reform and perfect and strict implementation of listed companies to withdraw the market system," (hereinafter referred to as "retreat") to amend. The SFC stressed that the reform of the delisting system is of great significance for further perfecting the function of the capital market, enhancing the vitality of the markets, shaping a rational investment culture and forming a good mechanism for the fittest. <关于改革完善并严格实施上市公司退市制度的若干意见>For the relevant major illegal companies, especially serious harm to the market order, serious damage to the interests of the masses, resulting in significant social impact, resolutely enforce the mandatory withdrawal of the city. In the opening up, the meeting revealed that the acceleration of the securities industry to relax foreign equity ratio restrictions on the implementation of the ground. To push forward the preparation of the Shanghai-Lun Tong, for the year to launch. Actively support A shares into the rich-time Russell International Index, to enhance the share in the MSCI index. Revise QFII, rqfii system rule, unify admittance standard, loosen admittance condition, enlarge investment scope of overseas fund.
It is noteworthy that a number of regulators have stated that this year will open the Shanghai-Lun Tong, the SFC will open the Shanghai-LUN as an important part of the promotion, it is worth the market all sides look forward to. Over the past few years, China has continued to make breakthroughs in speeding up the opening of the capital markets: Hong Kong and Shanghai, Shenzhen Tong, Bonds Qualcomm, a shares into the MSCI, crude iron ore and other futures varieties to introduce foreign investors. July 8, the Securities and Futures Commission said that it had reported to the relevant departments of the "on the further liberalization of foreigners a-share securities account opening policy instructions", and has obtained the State Council principle to agree, clear in the domestic work foreigner and a A-share listed company in the overseas work and participates in the equity incentive foreign staff may open the securities account in a A shares,
Means more foreign investors will be able to participate in the A-share deal.
In addition, over the past year, there have been fidelity, UBS Capital, Rich, British, BlackRock, Schroeder and other 13 foreign institutions have registered in the fund industry Association as a private equity fund manager. It can be foreseen that with the expansion of China's capital market opening up, more and more foreign institutions will enter China and compete with Chinese investors in the future.
More and more foreign-funded institutions to speed up the layout of China is to use practical action bullish on the Chinese market, but also the opening of China's capital market to reflect the results. SFC: Push these five jobs | To the next reform of the capital market