Capital market opening-up to see renewed impetus

The COVID-19 epidemic has not deterred the further opening up of the Chinese capital market, but rather spurred the same, as the central government has resolved to advance reform and development via further opening-up, a top regulatory official said on Thursday.

Speaking at the 12th Lujiazui Forum in Shanghai, Yi Huiman, chairman of the China Securities Regulatory Commission, said the registration-based initial public offering mechanism on the ChiNext board of the Shenzhen Stock Exchange, which started on Monday, was a good example of the opening-up efforts.

Yi said that openness is the fundamental feature of the modern economic structure and a mature financial market. The CSRC will advance the two-way opening up of the Chinese capital market, he said.