Photo taken on Dec. 5, 2016 shows the interior of Shenzhen Stock Exchange after the launching of the Shenzhen-Hong Kong Stock Connect in Shenzhen, south China's Guangdong Province.
BEIJING, May 26 (Xinhua) -- Foreign investors are expected to maintain their A-share investment trend in 2022 alongside the epidemic control in Chinese localities and emerging global relative value of China's stock market, reported Xinhua Finance citing Fang Xinghai, deputy head of China Securities Regulatory Commission (CSRC) on Wednesday.
Fang made the remarks on the opening ceremony of the 2022 global investor conference of Shenzhen Stock Exchange on Tuesday, saying that CSRC has been constantly expanding the channels for foreign investors to invest in A-share market and they in turn enjoy significantly improved convenience in this regard.
Recent years, CSRC has optimized the Shanghai- and Shenzhen-Hong Kong stock connect programs, enlarged the basket of investable targets under the stock connect scheme, promoted implementation of new rules for qualified foreign institutional investors (QFII), and worked to shore up in a gradual manner the proportion of A-shares in global indexes.
So far, net foreign A-share investment via the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connect programs has exceeded 1.6 trillion yuan, taking up around five percent of the total market capitalization (market cap) of tradable A-shares.
Fang stressed the importance of opening up in greatly vitalizing China's capital market.
Currently, China's capital market has grown as the second largest one in the world with gross market cap of listed firms in excess of 75 trillion yuan and the number of listed firms surging in recent years to over 4,700 ones.
In the first quarter, listed companies managed to reap in total 16.6 trillion yuan of operating revenues, up 11.2 percent year on year and 1.4 trillion yuan of net profits, up 5.1 percent year on year despite the complex and changing situations at home and abroad.
Fang said the optimistic business performances of listed firms thoroughly reflected that listed companies are excellent representatives of the Chinese economy and have provided sufficient investment choices for domestic and international investors. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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