在 6 月份的市场分类审查中，MSCI强调，韩国若要被认定为发达市场，就必须实现完全开放的货币可 兑换性。该报告还指出，需要废除资本管制，建立更深入、更活跃的在岸和离岸市场，并缩小买卖价 差。 MSCI指出，发达外汇市场的关键特征包括：全球投资者广泛参与、实时价格透明、可靠的高效结算体 系以及广泛的套期保值工具可用性。该指数提供商当时表示，韩国采取的这些渐进式措施(比如延长部 分交易时段)并不能完全"反映发达市场目前的实际情况"。 这一举措凸显了李在明对市场改革的坚定决心，这些改革将使该国更符合国际标准。一个关键的挑战在 于克服外汇市场的结构性障碍，因为这被视为韩国股票被纳入MSCI发达市场指数指数的必要条件。 目前，由于报告义务及其他监管限制，非居民外汇交易已得到有效限制。而即将出台的立法修订措施将 消除这些障碍。与此同时，韩国银行计划建立一个新的结算系统，该系统能够实现 24 小时内处理韩元 支付业务。 智通财经APP获悉，韩国财政部表示，韩国正着手将外汇市场延长至24小时全天开市，并放宽非居民之 间韩元交易的限制。韩国财政部高级官员Kim Jae-hwan表示："外汇市场的开放事宜将于明年某个时候 实施 ...

Group 1 - The core viewpoint is that the financial regulatory authority has issued guidelines for local Asset Management Companies (AMCs) to focus on mitigating regional financial risks, with operations limited to their respective provinces [1] - The People's Bank of China has released a draft for the management of interbank market brokerage business, aiming to standardize the scope of brokerage activities and enhance internal control systems for improved market transparency [1] - The signing of the US GENIUS Act marks the formal entry of stablecoins into a compliant financial ecosystem, potentially attracting global digital asset resources [1] Group 2 - The non-bank financial sector, particularly the insurance segment, is expected to maintain a stable liability side and mitigate asset-side risks by 2025 [1] - The securities sector is anticipated to benefit from improved market conditions and sustained high trading activity, with long-term capital market reforms expected to create additional growth opportunities [1] - The Securities ETF (512880) tracks the securities company index (399975), which includes companies closely related to the securities market, reflecting the overall performance of listed companies in the securities industry [1] Group 3 - Investors without stock accounts may consider the Guotai CSI All Share Securities Company ETF Link A (012362) and Link C (012363) for investment opportunities [1]