China’s capital market regulator on Thursday pledged to step up efforts to further enhance policy stability, transparency and predictability, improve the convenience of cross-border investment and financing, and enhance the attractiveness of A-share investment.

According to Wu, as of the end of last year, 866 QFIIs had received investment approval, and foreign investors held about 3 trillion yuan ($412 billion) in A-shares through the QFII and the Stock Connect program.

Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said at a press conference on Thursday that the CSRC will further optimize the Qualified Foreign Institutional Investor (QFII) program and enrich the supply of cross-border investment and risk management products.

A total of 26 foreign-controlled or foreign-invested securities companies, fund companies and futures companies have been approved, Wu said.

Source: GLOBALTIMES