China will make it easier to move capital in and out of the country and promote financial market deregulation, a senior forex regulator said on Friday, as Beijing seeks to woo foreign investors amid heightened geopolitical tensions.
"We will steadily push forward two-way capital market
opening, and strengthen the connectivity between domestic and overseas
financial markets," Xu Zhibin, deputy head of the State Administration of
Foreign Exchange (SAFE), said at the annual Boao forum for Asia.
"We will expand the variety and scope of investments to
attract more investors to invest in China's financial markets."
Xu also vowed to support high-quality Chinese companies to
sell shares and bonds in overseas markets, and encourage sovereign wealth funds
and other institutional investors to invest offshore "in an orderly
manner."
Many global investors have left, or diversified away from
China over the past few years, amid concerns over China's economic health,
policy orientations, and Sino-U.S. tensions.
Meanwhile, overseas listings by Chinese companies have
slumped, thanks to tighter scrutiny over national and data security by both
Chinese and Western governments. -Reuters
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