CSRC to promote establishment of federation of exchanges under Belt & Road in Shanghai

The China Securities Regulatory Commission (CSRC) will promote establishment of the federation of exchanges under the Belt and Road in Shanghai, step by step, said Fang Xinghai, vice chairman of the CSRC at the recent Lujiazui Forum.

Fang said that the CSRC will actively support the domestic bourses and industry organizations to strengthen cooperation with exchanges along the Belt and Road routes in the form of equities, products, and technologies.

“We will follow the trend of economic globalization and actively promote the 'going global' of exchanges, and securities and futures trading organizations, so as to provide enterprises with more convenient investment and financing and risk management services,” said Fang.

Headquartered in Frankfurt, China Europe International Exchange jointly established by Shanghai Stock Exchange, China Financial Futures Exchange and the Deutsche B?rse AG is now actively preparing for the issuance of D-shares.

Pakistan Stock Exchange in which China Financial Futures Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange jointly invested has been successfully listed and is now operating well.

The Shanghai Stock Exchange has completed the strategic stake in Kazakhstan’s Astana International Financial Center (AIFC). The Shenzhen Stock Exchange and the Shanghai Stock Exchange have already signed an equity purchase agreement with the Dhaka Stock Exchange of Bangladesh. (Edited by Hu Pingchao, hupingchao@xinhua.org)