According to the need of the Chinese capital market for opening to the outside world, the Shanghai Stock Exchange (SSE) recently organized a 10-day promotion campaign for the Chinese capital market. Relevant heads of the China Securities Regulatory Commission, the State Administration of Foreign Exchange, some custody banks, fund management companies and securities companies participated in the campaign on invitation.
With the deepening of reform and opening-up in the Chinese capital market, especially after the significant adjustment to the QFII regulatory systems in July 2012, international investors have paid more attention to the Chinese capital market and many institutional investors have put forward their requirements for strengthening and deepening exchanges between both sides. In line with the market demand, the SSE launched a market promotion campaign with the "going out" strategy, aiming to introduce to international institutional investors the latest progress in the Chinese capital market, notify them of the recent adjustments to the QFII systems, and expand the international influence of the Chinese capital market.
In the 10-day promotion campaign, the delegation successively held three seminars on the Chinese capital market in San Francisco, New York and Boston, the USA, which witnessed the presence of over 50 institutional investors. Besides, the delegation paid one-to-one visits to over 30 institutional investors of the USA and Canada. During the process, the delegation not only gave an account of the achievements in the Chinese capital market as well as the recent major policies and measures about reform and opening-up, but also listened to the opinions and suggestions of overseas institutional investors on the development of the Chinese capital market. Both sides had exchanges and discussions across the board.
The campaign aroused great resonance among institutional investors in North America. In addition, it expanded the international influence of the Chinese capital market and enhanced international investors' attention to and understanding of the Chinese capital market. Through the campaign, some institutional investors expected to apply for QFII qualifications as soon as possible while some institutions with QFII qualifications proposed their request of quota increase.
FTSE Mondo Visione Exchanges Index:
Shanghai Stock Exchange's Promotion Rounded Off In North America
Date 26/09/2012