跨洲架桥！中国证监会主席吴清出访法国、巴西，深化资本市场合作

Core Viewpoint - The visit of the Chairman of the China Securities Regulatory Commission (CSRC), Wu Qing, to France and Brazil aims to strengthen cross-border regulatory cooperation and showcase investment opportunities in China's capital market, thereby promoting high-level institutional opening-up [1][5]. Regulatory Cooperation - Wu Qing held closed-door meetings with key financial regulatory figures in France and Brazil, focusing on the latest regulatory developments in their securities markets and discussing cross-border listing regulations, accountability for violations, and financial risk management [3]. - The discussions led to several agreements that enhance practical cooperation pathways, facilitating Chinese enterprises' financing in Europe and South America, as well as foreign investment in China's capital market [3]. Market Engagement - During his visit, Wu Qing met with representatives from top international institutional investors, promoting the spirit of the 20th Central Committee's Fourth Plenary Session and highlighting investment opportunities in technology innovation and industrial upgrades within China's capital market [4]. - He actively gathered feedback from international investors regarding the optimization of foreign investment access and the diversification of cross-border investment products, which will inform future regulatory improvements [4]. Support for Chinese Enterprises - Wu Qing engaged with representatives from Chinese enterprises and financial institutions in France and Brazil to understand the financing challenges and compliance issues they face overseas, encouraging them to leverage bilateral cooperation mechanisms for cross-border business expansion [4]. - The CSRC aims to enhance the "bring in" and "go out" dual channels to support the international development of Chinese enterprises and facilitate international capital participation in the Chinese market [4]. Implications for Capital Markets - The visit exemplifies China's commitment to high-level opening-up of its capital market, reinforcing the institutional foundation for cross-border investment and creating a more stable and predictable environment for global capital flows [5]. - As bilateral cooperation deepens, it is expected that more international long-term capital will flow into the Chinese market, while financing channels for Chinese enterprises in Europe and South America will also improve, fostering a mutually beneficial scenario [5]. - The visit sends a clear signal that China's capital market is increasingly integrating into the global financial system with a more open stance, enhancing its core competitiveness through institutional opening-up [5].