Zheng Wei of the Foreign Exchange Bureau: Promote the implementation of open stock investment policies in line with international practices_ 东方 Fortune.com

Summary

[Foreign Exchange Administration Zheng Wei: Promuovere la realizzazione di una politica aperta per gli investimenti in titoli in linea con le pratiche internazionali]Zheng Wei, Deputy Director of the State Foreign Exchange Administration, said at the 2020 China Institute of Finance annual conference and China Finance Forum annual conference on November 28 that it will accelerate the improvement of the financial market At the level of internationalization, we will promote the realization of an open policy for investment in securities in accordance with international practices, we will issue QDII shares on a regular basis, we will implement the pilot program of “cross-border financial management” and we will integrate the channels for opening the financial markets. In the medium and long term, under the premise of compliance with the “three evils”, with the exception of a few transactions involving national security and high-risk areas, the fundamental freedom of two-way cross-border capital flow must be realized and established and improved the management system of individual cross-border capital transactions to meet Reasonable needs of individuals for foreign investment and use of foreign currency. (China Securities Network)

nationForeign currencymanagementDeputy director of Zheng Wei office on November 28, 2020 in ChinafinanceIt was declared at the China Financial Forum’s annual meeting and annual meeting ofmarketInternational level, promote the realization of complianceInternational practiceofEquity investmentOpen policy, regular distributionQDIIShare, the implementation of “cross-borderFinancial managementPilot, integrationFinancial marketOpen channelslongFrom one point of view, under the premise of respecting the “three evils”, with the exception of some related to national security and otherriskRealize cross-bordercapitalBasic freedom of the two-way flow, establish and improve the cross-border personal capital management systemForeign investmentAnd a reasonable use of foreign currencyrequest。

(Source: China Securities Network)

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