buyilluviumcrypto| The Shanghai and Shenzhen Stock Exchanges continue to promote high-level two-way opening of the capital market, boosting the momentum of domestic and foreign capital's "two-way rush"

Our reporter Tian Peng

From May 22 to 23, the Shanghai and Shenzhen exchanges jointly held the "Investment in China's New Horizon-A-share listed companies Promotion Conference" in Paris, France and London, England, to show the prospect of high-quality development of China's economy to foreign investors, comprehensively introduce the latest developments and investment opportunities in China's capital market, and further explore new space for exchange and cooperation.

buyilluviumcrypto| The Shanghai and Shenzhen Stock Exchanges continue to promote high-level two-way opening of the capital market, boosting the momentum of domestic and foreign capital's "two-way rush"

Since the beginning of this year, the momentum of "two-way rush" of domestic and foreign capital has become more and more prominent. On the one hand, the Shanghai and Shenzhen exchanges continue to strengthen exchanges with overseas investment markets, and frequently carry out cooperation and exchanges in company promotion, cross-border investment and financing, so as to promote the high-level and two-way opening of China's capital market; on the other hand, domestic enterprises adhere to the principle of making good use of the two markets and two kinds of resources, and the autonomy of overseas listing is gradually highlighted.

Tian Lihui, dean of the Institute of Financial Development of Nankai University, said: at present, China's stable economy, open policy environment, huge market scale, and pragmatic exchange mechanism are providing favorable conditions for further exchanges and cooperation between domestic and foreign capital. In the future, with the successive release and landing of various promotion policies, the willingness of foreign capital to enter China's capital market will continue to increase, promoting the institutional construction and standardized development of the domestic capital market.

Accelerate the influx of foreign capital

A high level of opening to the outside world is an important part of the construction of China's capital market. At the beginning of this year, the China Securities Regulatory Commission held a 2024 system work meeting to propose the overall planning of opening up and security, steadily expanding the institutional opening of the capital market, and strengthening the building of regulatory capacity and risk prevention capacity under open conditions.

To this end, since the beginning of this year, on the one hand, the Shanghai and Shenzhen exchanges have anchored to further improve the cross-border investment and financing system, and on the other hand, they have launched various forms of exchange activities to continuously strengthen cooperation and exchanges with overseas capital, so as to promote the high-level two-way opening of China's capital market.

In terms of institutional improvement, on April 19th, in order to continuously optimize the interconnection mechanism between the mainland and Hong Kong markets and enrich the interconnection targets, the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Hong Kong exchanges and Clearing Co., Ltd. have reached a consensus on expanding the ETF scope of the Shanghai-Shenzhen-Hong Kong Stock Connect.BuyilluviumcryptoThe first is to reduce the scale requirements of ETF; the second is to lower the index weight ratio requirements of ETF.

In terms of exchange activities, in addition to the above-mentioned activities of the Shanghai and Shenzhen exchanges, in April, the Shanghai and Shenzhen exchanges joined hands to hold a successful "Investment in China New Horizon-A-share listed companies Promotion meeting" in New York, United States.

According to official statistics of the Shanghai and Shenzhen stock exchanges, a total of 27 A-share listed companies have taken advantage of the above two activities to enter the international stage, involving biomedical, new energy, consumer electronics, finance, manufacturing, science and technology and other industries.

Liu Xiangdong, chief analyst of Dongyuan Investment, told the Securities Daily that strengthening exchanges with the overseas investment market in the form of a promotion meeting will help attract more international investors to enter the A-share market, inject more incremental funds into the market, and further promote the prosperity and development of China's capital market. At the same time, it will help to enhance the international level of China's capital market, make it more in line with international standards, provide more convenient and efficient investment channels for foreign investors, and facilitate cross-border investment and financing. to provide more financing opportunities for domestic and foreign enterprises and promote the global development of China's economy.

Domestic enterprises actively layout overseas

With the continuous acceleration of the cooperation between China's capital market and the international capital market, more and more overseas medium-and long-term capital are optimistic about the A-share market, at the same time, many A-share listed companies have opened overseas layout plans one after another. or go to overseas listing for financing, or actively carry out overseas business.

In terms of overseas listing, according to incomplete statistics by a reporter from the Securities Daily, so far this year, 22 US-listed Chinese stocks have been listed, including 2 on the New York Stock Exchange and 20 on Nasdaq, with a total fund-raising amount of more than 2 billion US dollars.

In addition, many enterprises have registered overseas listing with the China Securities Regulatory Commission. As of May 23, a total of 110 companies had updated their filing status, including 23 on NASDAQ, one on the New York Stock Exchange, one on the Swiss Stock Exchange and 85 on the Hong Kong Stock Exchange, according to the latest statistics on the official website of the China Securities Regulatory Commission.

In Tian Lihui's view, the overseas listing of enterprises can make better use of international resources and platforms and enhance the international popularity and influence of enterprises. At the same time, it can help enterprises to broaden financing channels and reduce financing costs through mature international capital markets and diversified financing channels. In addition, we can guide the standardized development of mainland enterprises, through overseas listing record management system rules and overseas market overseas supervision system to improve the level of corporate governance and transparency.

In terms of overseas business, a number of excellent representatives have emerged. Take Lanyi Manufacturing as an example, Zeng Fangqin, chairman and general manager of the company, told the Securities Daily that the company adheres to the international development strategy of multi-category and multi-regional coordinated development. In the world, it has 58 production and service sites and 8 boutique assembly bases, covering Asia, Europe and America, integrating R & D and manufacturing capabilities, quickly responding to customer needs, and realizing local production management and global product delivery.

When talking about how to further promote the high-level two-way opening up of China's capital market in the future, Tian Lihui said: on the one hand, we need to continue to deepen capital market reform and improve market transparency and operational efficiency; on the other hand, we should expand the scope of market opening up and introduce more foreign investors. In addition, we should strengthen investor protection, improve market stability, strengthen connectivity with the international market, and promote cross-border investment and financing facilitation.