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Xinhua Silk Road
News for Outlets

China's securities regulator approves Goldman Sachs' alternative investment biz

July 30, 2021


Abstract : China Securities Regulatory Commission (CSRC) has given the green light to Goldman Sachs to conduct alternative investment in the country, according to a CSRC announcement on Wednesday.

Lujiazhui.png

Photo taken on Nov. 3, 2020 shows the view of the Lujiazui area of Pudong, east China's Shanghai. (Xinhua/Ding Ting)

BEIJING, July 30 (Xinhua) -- China Securities Regulatory Commission (CSRC) has given the green light to Goldman Sachs to conduct alternative investment in the country, according to a CSRC announcement on Wednesday.

The approval indicates China's determination and commitment to boosting opening-up of its capital market. Experts believe that the opening-up of China's capital market has been accelerated despite the pandemic.

Meanwhile, China will continue to deepen reforms of its capital market. As China further carries out capital market reforms and makes progress in the registration-based IPO system, the quality of listed companies will be further improved, analysts said.

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

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Keyword: CSRC Goldman Sachs

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