From July 31 to August 1, the Shanghai Stock Exchange (SSE) held the first talkfest for international investors. Among those attending the event were nearly 80 representatives from well-know overseas investment institutions. The SSE introduced the recent development of China’s capital market, its business innovation and the preparations for the Shanghai-Hong Kong Stock Exchanges Connectivity Mechanism (SHSECM), the stock and bond markets, and QFIIs’ participation in the SSE market, and it also answered an array of questions raised by the overseas investors. The Shanghai Financial Service Office introduced the building of the International Financial Center of Shanghai, and executives of SSE-listed companies talked about their companies’ growth. Besides, some overseas investors went to Shanghai-based listed companies for surveys.
In the talkfest, an official of the SSE elaborated on its preparations for the SHSECM since April, and told that work items related to business lines, rules and agreements, markets, supervision, technologies, as well as risk and contingency management would be propelled according to the “Joint Announcement” released by the China Securities Regulatory Commission and the Securities and Futures Commission (SFC) of Hong Kong. The overseas investors discussed with the attendees of the SSE on how international investors invest in the stocks on the SSE market through the SHSECM and other issues. After the talkfest, the overseas investors praised the event. “The talkfest shows embracement of the SSE towards us, and it is very helpful for us to invest in China’s capital market, grasp the trading settlement system of the SHSECM, and know more about the SSE-listed companies”, said the overseas investors.
“Overseas investors are not only one of the important market participants on the SSE, but also one of the major forces in the globalization of the SSE. Presently, overseas investors have low participation in China’s capital market, as their shareholding proportion is less than 2% on the SSE market. As we can see, we still lag behind mature capital markets, but the SSE has great potential in attracting overseas investors,” said an official of the SSE.
It is learnt that the SSE will improve services for overseas investors. Attaching importance to both soliciting investment and going global, it will help them know more about China’s capital market in various ways and through various channels.