DESPITE multiple unexpected factors rattling the global financial market, China has renewed its commitments to further opening its capital market, with pragmatic measures in the pipeline to lure more investors to one of the world’s fastest-growing economies.

China will optimize and expand the connectivity of domestic and overseas capital markets, said Wang Jianjun, vice chairman of the China Securities Regulatory Commission.

Wang said that the commission is expanding the scope of Shanghai-Hong Kong and Shenzhen-Hong Kong stock connect schemes, with efforts to step up the inclusion of exchange-traded funds into the two programs.

To support Chinese firms in getting listed in overseas markets such as Hong Kong and the United States, new rules and regulations will be put into effect. In the same vein, China welcomes qualified international companies to get listed on the Chinese mainland stock market.

On top of that, more cross-border investment and risk management products will be provided for overseas investors, the securities regulator said, pledging that it will also build up supervision capacities and enhance cooperation with other countries.

Despite recent volatility in global capital flows, Wang said there are “no fundamental changes in the capital flow and trading of China’s capital market.”

(Xinhua)