ANNOUNCEMENT 22 Oct 2018
October 22nd, 2018 - The Chinese financial regulator announced the ratification of a new piece of liberalising financial regulation.
NUMBER OF INTERVENTIONS
China Securities Regulatory Commission, October 22nd, 2018. (CSRC 【第151号令】《证券期货经营机构私募资产管理业务管理办法》)
On October 22nd, 2018, the China Securities Regulatory Commission (CSRC) announced that a draft regulation had been approved.
In CSRC Order No. 151 (hereafter, 'Announcement'), the regulator announced that approved foreign investors would be allowed to trade domestic CNY-based 'A' shares through local brokers based in the Shanghai or Shenzhen exchanges.
The CSRC said in the Announcement that the policy was intended to 'expand the investor base, introduce more liquidity, improve the investor structure, and make the A share market more open and international'.