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On January 25, 2021, the second China-Japan Capital Market Forum was held via video link. Mr. Ryozo Himino, Commissioner of Japan Financial Services Agency (FSA), Mr. Fang Xinghai, Vice Chairman of China Securities Regulatory Commission (CSRC) and Mr. Mitsuhiro Hasegawa, Chairman of Japan Securities and Exchange Surveillance Commission (SESC) attended the Forum and delivered speeches among others. Ms. Sha Yan, President & CEO of Shenzhen Stock Exchange (SZSE), participated in the panel discussion of “Prospects of Market Structure Reform and Capital Market Cooperation”. The Forum was jointly hosted by the Securities Association of China (SAC) and Japan Securities Dealers Association (JSDA). Representatives of securities and futures regulators, stock exchanges, futures exchanges, investment fund associations, and futures associations from the two countries engaged in extensive discussions on the future of China-Japan capital market cooperation.
During the Forum, SZSE and Japan Exchange Group, Inc. (JPX) published achievements on the signing of memorandum of understanding (MoU). According to the MoU, SZSE will conduct in-depth cooperation with JPX on ETF connectivity, cross-border promotions, and cross-border innovative capital formation, etc. Under the China-Japan ETF Connectivity scheme, SZSE and JPX will continue to work well on product preparation, promote cross-border product innovation, and broaden the channel of connectivity, to provide investors in both countries with multiple cross-border investment choices and facilitate bilateral innovative economies with more cooperation linked by capital.
According to a SZSE statement, the more challenging and complex the global economic environment has become, the more unswerving commitment to expansion and deepening of opening-up is called for. Reciprocal capital market cooperation between China and Japan is facing new opportunities and broad space. Under the leadership of CSRC, SZSE will commit itself to serving the real economy, support technological and innovation, orderly advance the institutional two-way opening-up of the capital market at higher level, enrich cross-border financial product lines, give full play to the functions of SZSE V-Next Platform, facilitate cross-border connection of innovation capital, actively participate in the process of global capital market development and cooperation, making every effort to build a new development pattern of extensive consultation, joint contribution, shared benefit and all-win, and striving to build a high-quality innovative capital center and a world-class exchange.
