A Share Is Included In MSCI And FTSE Index.

Qi Bin, director of the International Cooperation Department of the securities and Futures Commission, said at 17 (2015) China capital market forum that the securities and Futures Commission will steadily open the capital market to the outside world, deepen the Shanghai and Hong Kong through mechanism, promote the Shenzhen and Hong Kong links, and promote the A share into the MSCI and FTSE index.

Qi Bin said that from the early establishment of joint venture securities and fund companies to go out, to the establishment of subsidiaries of Chinese funded securities companies and even the acquisition of international brokerages, from the earliest Chinese enterprises to Qingdao beer in 1993, the Chinese stock market accounted for half of the Hongkong market and Alibaba became the largest IPO of the NYSE; from ten years ago, QFII and QDII were launched, and today RQFII settled in the world's major offshore RMB centers, such as Paris and London, and China's capital market opened to the outside world gradually.

The successful opening of Shanghai and Hong Kong is, in a sense, the accession of the capital market to WTO, marking the new stage of China's capital market entering a two-way opening.

2014 is the year of opening up.

Smoothly launched Shanghai and Hong Kong through.

We should reform the mechanism and process of overseas listing, simplify procedures and abolish financial audit.

The average audit cycle has dropped by 50%, and 53 related applications for overseas listing have been concluded throughout the year, an increase of 130% over 2013 and an increase of nearly 100% in funding.

We successfully completed the high-level dialogue between China, the United States, China and France, and related tasks in capital market, and expanded the RQFII pilot area.

We will improve the cross-border cooperation mechanism to ensure and continuously improve our position in IOSCO and other international organizations.

Next, the SFC will steadily push forward the opening up of the capital market, push our capital market from emerging to maturity and become a world class market with stronger international competitiveness. The main contents include:

First, deepen the Shanghai and Hong Kong through mechanism to promote Shenzhen Hong Kong through.

Straighten out the two-way investment mechanism of funds, deepen the docking of all kinds of systems, and promote reform by opening up.

Two is to promote

The MSCI and FTSE indices were included.

At present, the MSCI index covers 24 developed markets, 21 emerging markets and 31 frontier markets.

The MSCI emerging market index includes H-share, red chips and B shares.

MSCI recently announced that Baidu, Alibaba, Jingdong and other stock companies will be included in the MSCI emerging market index.

The three is to extend QFII.

RQFII, etc., to promote mutual recognition between the mainland and Hongkong mutual funds.

Four is to establish and perfect foreign investment in and out of the market.

Guard against systemic risks.

The five is to accelerate the reform of overseas listing mechanism.

Further streamline the process, compliance review, deepen supervision and cooperation between the two sides, achieve seamless convergence, and promote the common prosperity of the two markets.

The six is to encourage our financial and securities institutions to go out more.

Meet the investment needs of the international community and the demand for financial services of Chinese enterprises.

Seven, we should make full use of the increasing bargaining power of China's economic and capital markets to deepen the dialogue mechanism and enhance the international competitiveness of China's capital market and financial institutions.

Eight, we should strengthen international cooperation, gradually standardize the red chip regulatory standards, further enhance our participation in international organizations and the right to speak in the process of making international rules.