SHANGHAI, June 16 (Xinhua) -- China plans to introduce foreign institutional investors on a larger scale, as one of the top priorities in further opening-up its financial sector, said Fang Xinghai, vice chairman at the China Securities Regulatory Commission (CSRC), at the 11th Lujiazui Forum 2019 on Thursday.
Fang said that China is revising the rules for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII), and the establishment of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, as well as the recently-launched China-Japan exchange-traded fund (ETF) Connect, are expected to facilitate more foreign institutional investors to come to China.
Fang believes that with the influence of mature foreign institutional investors, the quality of domestic investors will be improved, optimizing the structure of domestic financial market, and bringing more stable pricing and more smooth operation. (Edited by Li Wenxin, liwenxin@xinhua.org)
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