证监会副主席李明：希望国际机构抓住机遇投资中国

Core Viewpoint - The resilient Chinese economy and capital market will provide irreplaceable investment opportunities, encouraging international institutions to understand the profound implications of Chinese-style modernization to discover investment value and share in China's development dividends [1][5]. Group 1: Capital Market Opening - The China Securities Regulatory Commission (CSRC) aims to deepen the institutional opening of the capital market, focusing on risk prevention, strong regulation, and promoting high-quality development [3]. - The CSRC welcomes more international institutions and long-term capital to invest in China, emphasizing mutual development and win-win cooperation [3]. - As of now, the market value of A-shares held by foreign investors has reached 3.4 trillion yuan, highlighting their significant role in the market [3]. Group 2: Future Path of Capital Market Opening - Future initiatives include enhancing cross-border investment and financing convenience, deepening cooperation between mainland and Hong Kong capital markets, and strengthening regulatory capabilities and risk prevention in an open environment [4]. - Recent measures include optimizing the Qualified Foreign Institutional Investor (QFII) system to improve access and operational efficiency for foreign investors [4]. - Plans to expand the scope of stocks eligible for trading under the Shanghai-Hong Kong Stock Connect and support Hong Kong in launching government bond futures are also in place [4]. Group 3: International Institutions' Role - International financial institutions are encouraged to act as discoverers of investment value, contributing to reform and development, and maintaining market stability [5]. - The quality of A-share listed companies has improved, with revenue and net profit increasing year-on-year, and cash dividends reaching 2.1 trillion yuan in the first three quarters [5]. - Institutions are urged to adhere to legal and regulatory requirements, prioritize long-term investment strategies, and participate in building a multi-party governance risk prevention system [5].