
The SFC and CSRC announced a joint plan to deepen capital market ties, including faster ETF approvals and support for cross-boundary listings. Julia Leung said the measures will boost the international influence of China's capital markets.
Hong Kong and China's top securities regulators announced a joint plan to deepen capital market cooperation, including faster ETF approvals and support for cross-boundary listings.
The Securities and Futures Commission and the China Securities Regulatory Commission released the measures in a statement this week. The plan includes a fast-track registration mechanism for conventional equity ETFs and support for ETF products linked to both markets.
The regulators said they will deepen cooperation in the futures market to support renminbi-denominated and settled futures products in Hong Kong. For listing access, the plan supports eligible Mainland enterprises seeking Hong Kong listings and Hong Kong companies seeking Mainland listings or bond issuance.
The regulators also said they will encourage index providers to launch more indices based on Chinese assets. On the regulatory side, the SFC and CSRC will strengthen risk monitoring and information sharing, and enhance oversight of market intermediaries. They will also promote pilot programs for listed companies to disclose climate-related transition plans.
Julia Leung, chief executive officer of the SFC, said the measures "focus on key areas and will help enhance the international influence and attractiveness of China's capital markets." She added that the SFC will work closely with the CSRC to implement the arrangements.
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