China gives leeway for more foreigners to trade A shares
- 6 years ago
중국 내달부터 자국내 외국인에 주식거래 허용
Beijing will further open its financial market to foreign investors to boost its sluggish stock market.
The China Securities Regulatory Commission plans to allow foreigners working in mainland to establish accounts to directly trade the country’s blue-chip A-shares from September.
Until now, the authortiies only permitted permanent residents and a few other select groups to trade A-shares directly, with foreign investors having to use cross-boundary channels such as Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect.
Beijing will further open its financial market to foreign investors to boost its sluggish stock market.
The China Securities Regulatory Commission plans to allow foreigners working in mainland to establish accounts to directly trade the country’s blue-chip A-shares from September.
Until now, the authortiies only permitted permanent residents and a few other select groups to trade A-shares directly, with foreign investors having to use cross-boundary channels such as Shanghai-Hong Kong or Shenzhen-Hong Kong Stock Connect.