China'S Capital Market Is Very Young, "Shanghai Unicom" Is On The Right Track.

The "2016 Lujiazui forum", jointly sponsored by the Shanghai Municipal People's government, the people's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission and the China Insurance Regulatory Commission, was held in Shanghai in from June 12th to 13th.

The theme of this forum is "global."

Challenges and financial changes ".

At the meeting, China's top financial regulator launched a discussion on the important project of Sino British capital market cooperation, "Shanghai link".

Qi Bin, director of the International Cooperation Department of the China Securities Regulatory Commission, said that at present, China and Britain are promoting the feasibility study of Shanghai Stock Exchange.

The Shanghai stock exchange vice general manager que Bo also said that the global exchange has made many innovations after the financial crisis, and the major exchanges also have a lot of cooperation, such as "Shanghai link" is an order driven mode.

Qi Bin said that China's capital market is very young, and there are still many deficiencies and backwardness. We should improve the supervision level of the whole capital market and improve the efficiency of resource allocation.

On the one hand, we need to strengthen reform and speed up the construction of multi-level capital markets, and on the other hand, we should further increase.

The intensity of opening to the outside world.

"In the process of opening up China's capital market, cooperation between the UK and China's capital market is a very important starting point."

"The exchange of financial institutions between China and Britain is an irresistible trend."

Qi Bin further indicated that interest sharing brought about by the cooperation between Chinese and British capital markets is reflected in the idea of attracting international long-term institutional investors to participate in A shares, improving the structure of investors in the domestic market and strengthening the rational value of investment in the market.

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The introduction is the direction of our continuous reform. This reform is not just for international institutional investors, but also for domestic institutional investors, as well as for market reform.

On the other hand, with the continuous progress of China's reform and opening up, there is a large number of social wealth in China, which needs global decentralization investment, and London can provide services and support for the "going out" of domestic funds.

"The Shanghai Stock Exchange and the London Stock Exchange have also reached the stage of substantive cooperation, which is the" Shanghai Lun Tong "project.

Referring to the "Shanghai link", que Bo also said that from the perspective of the exchange, "Shanghai Tong Tong" witnessed the opening of the golden age of Sino British capital market cooperation.

"We hope that the regulatory authorities in China and the UK will have a breakthrough in efficiency cooperation on the basis of a balance between market control, innovation and development and investor protection, which is very helpful for the future landing of Sino British projects."

Finally, que Bo said.

Lord Ashton, the special representative of the chancellor of the exchequer, also talked about "the development of cooperation between China and the UK on the London Stock Exchange and the Shanghai stock exchange." this is a very exciting development, and we also hope to realize mutual recognition of funds.

However, que Bo pointed out that before the "Shanghai and Hong Kong Tong" was launched in just a few months, it is closely related to mutual trust and cooperation and efficient cooperation between Beijing and Hongkong regulators.

But the "Shanghai link" involves two markets, two countries' regulations, regulatory framework and regulatory changes, and the problem is relatively complicated.

At present, all countries have formulated some basic principles and frameworks for cooperation in capital markets. "From the point of view of exchanges, they also require listed companies to disclose, disclose and disclose effectively, and at the same time require members to understand their investors and understand their customers."