【导读】证监会核准立桥银行、城堡顾问新加坡公司合格境外投资者资格 1月7日，中国证监会网站披露的批复文件显示，立桥银行股份有限公司（Banco Well Link,S.A.）、城堡顾问新加坡有限公司（Citadel Advisors Singapore Pte.Limited）已于2025年12月获批合格境外投资者资格。 | 索 引 号 | | bm56000001/2026-00000206 | 分 | 类 | 合格境外机构投资者;结果公示 | | --- | --- | --- | --- | --- | --- | | 发布机构 | | 证监会 | 发文日期 | | 2025年12月29日 | | 名 | 務 | 关于核准城堡顾问新加坡有限公司合格境外投资者资格的批复 | | | | | 文 | 号 | 证监许可〔2025〕2977号 | 主题词 | | | 资料显示，城堡顾问新加坡有限公司是美国顶级对冲基金集团Citadel LLC旗下专注亚太市场的资产管理主体，于2020年注册成立，主要为机构与高净值 客户提供多策略对冲基金管理、亚太市场另类投资、跨境资产配置服务，聚焦股票、固定收益、量化与衍生品策 ...

【 导读】证监会核准立桥银行、城堡顾问新加坡公司合格境外投资者资格 中国基金报记者 忆山 1月7日，中国证监会网站披露的批复文件显示，立桥银行股份有限公司（Banco Well Link,S.A.）、城堡顾问新加坡有限公司（Citadel Advisors Singapore Pte.Limited）已于 2025年12月获批合格境外投资者资格。 合格境外投资者制度是我国资本市场最早施行的开放制度之一，推出以来总体保持运行平 稳，是境外投资者投资中国的综合性资产配置渠道，在扩大资本市场对外开放方面发挥了积 极作用。 2025年10月，证监会印发《合格境外投资者制度优化工作方案》（以下简称《工作方 案》），提出力争用两年左右的时间，推动落实优化合格境外投资者制度机制的改革举措， 增强制度对境外中长期资金的吸引力，形成在岸与离岸渠道协调互补、配置型与交易型资金 平衡发展、境内外证券基金期货机构良性互动的开放新格局。 证监会还表示，将推动《工作方案》提出的各项开放优化举措尽快落实落地，并在此基础上 进一步深化对合格境外投资者制度的研究，不断丰富提升对外开放制度吸引力的改革举措。 版权声明 《中国基金报》对本平台所刊 ...

近日，沪深交易所以及中国结算发布了关于支持境外机构投资者开展债券回购业务有关事项的通知。 符合条件的境外机构投资者，可以开展沪深交易所债券回购业务。境外机构投资者应当委托具有沪深交易所会 员资格的境内证券公司（下称"交易参与人"）参与债券回购交易。 沪深交易所发布业务细则 据悉，通知所称的债券回购业务，包括债券质押式协议回购和债券质押式三方回购，以及在债券通用质押式回 购业务中作为逆回购方融出资金。交易所和中国结算可以根据市场发展需要，调整境外机构投资者可以开展的 债券回购业务范围。 境外机构投资者应当按照交易所相关规定，在参与债券通用质押式回购前，与其委托的证券公司签署债券通用 质押式回购委托协议；在参与债券质押式协议回购、债券质押式三方回购前，应当签署相应的回购交易主协议 等文件。在参与债券质押式三方回购前，还应当进行投资者适当性备案。 接受境外机构投资者委托的交易参与人，应当遵守交易所相关业务规则，勤勉尽责，加强对境外机构投资者申 报、交易等行为的管理。发现境外机构投资者的债券回购交易存在或者可能存在违规行为的，应当依据委托代 理协议采取措施，并及时向 交易所 报告。 为境外机构投资者参与债券回购业务提 ...

■ 张 敏 近日，中国证监会网站发布的信息显示，欧力士亚洲资产管理有限公司、伊斯投资证券股份公司、爱普 森资本管理有限公司等企业的合格境外投资者资格已获核准。 据笔者统计，年内已经有72家机构获批该资格。根据中国证监会发布的合格境外投资者名录，从2002年 至今，已有超900家境外机构获得这一资格。 合格境外投资者制度是我国资本市场最早施行的开放制度之一，自2002年推出以来，在扩大资本市场对 外开放方面发挥了积极作用。 当前，我国资本市场制度型开放正步入系统化加速阶段。10月份，中国证监会发布的《合格境外投资者 制度优化工作方案》提出"力争用两年左右的时间，推动落实优化合格境外投资者制度机制的改革举 措"，并明确了一系列旨在提升便利性与吸引力的具体改革举措。 制度型开放的积极效应，正通过资本市场的活跃度得到直观印证。数据显示，今年以来，截至12月16 日，外资机构调研A股上市公司超过1100家，重点关注高端制造、科技、数字经济等领域，这与中国经 济转型升级和产业结构优化的方向高度契合。 调研热度也转化为实际的资金流动。当前，境外长线资金持续稳步流入，用实际行动表达对中国资产的 信心。摩根士丹利披露的数据显示 ...

■张敏 近日，中国证监会网站发布的信息显示，欧力士亚洲资产管理有限公司、伊斯投资证券股份公司、爱普 森资本管理有限公司等企业的合格境外投资者资格已获核准。 据笔者统计，年内已经有72家机构获批该资格。根据中国证监会发布的合格境外投资者名录，从2002年 至今，已有超900家境外机构获得这一资格。 合格境外投资者制度是我国资本市场最早施行的开放制度之一，自2002年推出以来，在扩大资本市场对 外开放方面发挥了积极作用。 调研热度也转化为实际的资金流动。当前，境外长线资金持续稳步流入，用实际行动表达对中国资产的 信心。摩根士丹利披露的数据显示，截至今年11月份，境外长线资金今年以来通过沪深港通等渠道净买 入约100亿美元的中国内地及香港股票，这背后是全球养老基金、主权财富基金、保险资金等注重长期 回报与风险控制的"长钱""稳钱"在加速布局。 合格境外投资者带来的不仅是增量资金，还有成熟市场的投资理念和治理标准。其凭借对ESG（环境、 社会和治理）因素的重视、对信息披露质量的高要求以及长期价值投资的实践，能够产生鲇鱼效应，进 而促进上市公司提升治理水平和经营质量。这种良性互动，是我国资本市场深化改革、增强内在稳定性 ...

全面推动落实中长期资金长周期考核机制，大力发展权益类公募基金，推动指数化投资高质量发展。 据证监会，近日，中国证监会党委书记、主席吴清主持召开党委（扩大）会议，传达学习中央经济工作 会议精神，结合全国金融系统工作会议要求，研究部署证监会系统贯彻落实举措。 会议强调，这次中央经济工作会议对资本市场工作作出重要部署，充分体现了党中央对资本市场的高度 重视和殷切期望。证监会系统要深入学习贯彻习近平总书记重要讲话精神，认真落实中央经济工作会议 部署，按照全国金融系统工作会议安排，坚持稳中求进、提质增效，紧扣防风险、强监管、促高质量发 展主线，持续深化资本市场投融资综合改革，更好助力稳就业、稳企业、稳市场、稳预期，为经济高质 量发展和"十五五"良好开局积极贡献力量。 一是坚持战略引领，认真做好"十五五"规划编制和实施。积极配合编制国家"十五五"规划纲要，科学制 定资本市场"十五五"规划体系，系统谋划未来五年资本市场发展主要目标、任务和重要举措，以钉钉子 精神抓好落实。 二是坚持固本强基，持续增强市场内在稳定性。积极培育高质量上市公司群体，开展新一轮公司治理专 项行动，引导优质公司持续加大分红回购力度。全面推动落实中长期 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued the "Qualified Foreign Institutional Investor System Optimization Work Plan," aimed at enhancing the attractiveness and adaptability of the QFII system, thereby creating a more transparent, convenient, and efficient investment environment for foreign investors [1][2]. Summary by Relevant Sections Optimization of Access Management - Two key measures have been implemented: the integration of QFII qualification approval and account opening into a single process, and the establishment of a "green channel" for allocation-type foreign capital. These changes are expected to streamline the application process, reduce operational costs, and encourage long-term foreign institutional investment in Chinese assets [2]. Current Status of QFII System - The QFII system, introduced in 2002, has been a stable channel for foreign investors to allocate assets in China. As of now, there are 913 QFIIs in the market, including various types of investors such as fund management companies, banks, insurance companies, and sovereign funds, with total domestic asset scale exceeding 1 trillion RMB [2]. Market Reactions and Future Outlook - Industry experts express optimism regarding the QFII system's enhancements, noting that these changes will significantly boost the internationalization and marketization of China's financial markets. The ongoing improvements are expected to attract more overseas investors, particularly in high-growth sectors such as semiconductors, artificial intelligence, and biomedicine, reflecting a shift in foreign capital allocation strategies [3][4]. Broader Implications for Capital Market Opening - The CSRC has made strides in opening the capital market, including easing restrictions on QFII participation in domestic commodity futures and options. Future plans include expanding investment targets under the Shanghai-Hong Kong Stock Connect, optimizing mutual recognition arrangements for funds, and enhancing the stability and transparency of policies to attract more foreign investment [4].

Group 1 - Four new stocks were listed on October 28, setting a record for the most new listings in a single day this year, surpassing the previous record of three on September 25 [1] - Among the newly listed stocks, N Yicai-U had the highest opening increase of 361.48%, followed by N Heyuan-U at 202.82% and N Bibeite-U at 175.03%. All three are unprofitable companies that have entered the Sci-Tech Innovation Growth Tier [1] - Xi'an Yicai focuses on the research, production, and sales of 12-inch silicon wafers, ranking first in mainland China and sixth globally in terms of average monthly shipments and production capacity, accounting for approximately 6% and 7% of the global market, respectively [1] Group 2 - N Taikayi opened with a rise of 154% on the Beijing Stock Exchange [2] - The issuance arrangements for De Lijia and Zhong Cheng Consulting were announced, with De Lijia primarily engaged in the research, production, and sales of high-speed heavy-load precision gear transmission products, mainly used in wind power generators [3] - Zhong Cheng Consulting provides professional technical services and comprehensive consulting services, including engineering cost, bidding agency, engineering supervision, and management [3] Group 3 - As of October 27, the market financing balance reached 2.46 trillion yuan, an increase of 244.69 billion yuan from the previous trading day [4] - On October 27, 67 stocks had a net financing purchase of over 1 billion yuan, with 19 stocks exceeding 3 billion yuan. Shenghong Technology topped the list with a net purchase of 1.455 billion yuan [4][5] - Other notable stocks with significant net financing purchases included Zhongji Xuchuang and Xinyi Sheng, with net purchases of 1.279 billion yuan and 841 million yuan, respectively [4][5] Group 4 - The China Securities Regulatory Commission announced a plan to optimize the Qualified Foreign Institutional Investor (QFII) system, aiming to enhance its attractiveness to long-term foreign capital over the next two years [6] - As of now, there are 913 QFIIs in the market, with total domestic assets exceeding 1 trillion yuan. Over 360 companies have QFIIs among their top ten circulating shareholders, with more than 130 stocks seeing new QFII investments in the third quarter [6][7] - Notable stocks with significant QFII holdings include Zhongce Rubber and Boyuan Shares, with QFII ownership exceeding 2% [6][7]

Core Points - The China Securities Regulatory Commission (CSRC) has implemented a new service guideline for the qualification approval and account opening of Qualified Foreign Institutional Investors (QFIIs) to enhance efficiency and reduce operational costs for foreign investors [1][2] - The new guideline aims to streamline the approval process by reducing steps, materials, time limits, and the need for physical presence, thereby facilitating a quicker entry for foreign capital into the market [1] - The CSRC has committed to a five-day processing time for QFII qualification approvals and has introduced a "green channel" for sovereign funds and other institutional investors [1] Group 1 - The CSRC, People's Bank of China, and State Administration of Foreign Exchange are collaborating to optimize the QFII qualification approval process [1] - The new service guideline is part of broader efforts to enhance the standardization, normalization, and convenience of government services [2] - The initiative is expected to improve the operational convenience of the QFII system, making it more attractive for foreign investors [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released a plan to optimize the Qualified Foreign Institutional Investor (QFII) system, aiming to enhance its adaptability and attractiveness for foreign investors, creating a more transparent and efficient investment environment [1][2]. Group 1: Key Measures - The plan includes specific measures to optimize access management, facilitate investment operations, expand investment scope, clarify policy expectations, and strengthen service support [1]. - It allows foreign public funds to have the same short-term trading rules as domestic public funds, facilitating investment by large foreign asset management institutions [1]. - The plan aims to streamline the qualification approval and account opening processes for foreign investors, reducing operational costs and encouraging long-term capital allocation to Chinese assets [1][2]. Group 2: Investment Scope Expansion - The plan promotes the inclusion of foreign investors in ETF options and allows participation in more commodity futures and options trading, addressing the hedging needs of foreign investors [2]. - It aims to create a balanced development between onshore and offshore channels, as well as between allocation and trading funds, fostering positive interactions between domestic and foreign securities, funds, and futures institutions [2]. Group 3: Historical Context and Current Status - Since its introduction in 2002, the QFII system has played a significant role in attracting long-term foreign capital, optimizing the investor structure, and promoting the internationalization of the Renminbi [3]. - Currently, there are 913 qualified foreign investors in the market, with a total asset scale exceeding 1 trillion RMB [3].