李明副主席在第四届国际金融领袖投资峰会上的致辞

Core Viewpoint - The article emphasizes the importance of China's capital market reform and opening up, highlighting the need for collaboration between mainland and Hong Kong markets to navigate global economic uncertainties and enhance mutual development [2][5]. Group 1: Capital Market Opening - Over the past five years, the industry has fully opened up, removing foreign ownership limits for securities, fund, and futures institutions, resulting in a significant increase in foreign-controlled firms [3]. - The mutual connectivity of markets has deepened, with 269 companies successfully listing abroad, and improvements made to the regulatory framework for overseas listings [4]. - The value of A-shares held by foreign investors has reached 3.4 trillion yuan, indicating their growing importance in the market [4]. Group 2: Future Initiatives - The China Securities Regulatory Commission (CSRC) plans to enhance cross-border investment facilitation, optimizing the Qualified Foreign Institutional Investor (QFII) system to provide a more efficient environment for foreign investors [5][6]. - There will be a focus on practical cooperation between mainland and Hong Kong capital markets, including expanding the scope of stocks eligible for trading under the Stock Connect program [6]. - Strengthening regulatory capabilities and risk prevention measures is a priority, with an emphasis on cross-border regulatory cooperation to mitigate risks [7]. Group 3: Economic Outlook - China's economy is projected to maintain an average growth rate of around 5.5% during the 14th Five-Year Plan, contributing approximately 30% to global economic growth [8]. - The total market capitalization of listed companies has surpassed 119 trillion yuan, with the technology sector accounting for over 25% of this value [8]. - A-share companies have shown growth in revenue and net profit, with cash dividends reaching 2.1 trillion yuan in the first three quarters, setting a new record [9].