Group 1 - The China Foreign Exchange Trading Center has launched significant measures to enhance financial market openness, showcasing vibrant growth and innovation in the sector [1][2] - Since its establishment in 1994, the center has evolved from a single foreign exchange trading platform to a comprehensive financial market platform covering various instruments, with the Chinese bond market reaching a scale of 189 trillion yuan, ranking second globally [1] - The center has facilitated access for 1,170 foreign institutional investors from over 70 countries, with total holdings of Chinese bonds amounting to 4.23 trillion yuan [1] Group 2 - A notable innovation is the "Bond Connect" program launched in 2017, which consists of "Northbound" and "Southbound" channels, connecting China's bond market with the global market [1] - The center has introduced the "China-Europe Green Bond Common Classification Directory," which has certified 276 bonds, providing a standardized framework for international investors in Chinese green financial products [2] - The trading hours have been extended to 20 hours daily, allowing investors in major financial hubs like London, New York, and Singapore to participate in the Chinese financial market during local working hours [2] Group 3 - Shanghai has become an international financial center, attracting numerous foreign financial institutions, with 1,796 licensed financial institutions by June 2025, of which 556 are foreign, accounting for nearly one-third [2] - In 2024, the offshore trade settlement volume through free trade accounts reached 106.9 billion yuan, reflecting the city's financial ecosystem and openness [2] - The China Foreign Exchange Trading Center aims to continue its role as a bridge, focusing on building a "global RMB trading main platform" and expanding cross-border business [2]
对全球投资者敞开大门 金融市场对外开放生机蓬勃
Sou Hu Cai Jing·2025-09-10 10:10