Recently, the 1st Capital Market Seminar for "Belt and Road" Countries organized by CSRC was successfully held at SZSE. This seminar is not only a concrete measure to strengthen exchanges and cooperation in the capital markets of the countries along the "Belt and Road", but also a positive attempt to lay a solid foundation for the follow-up bilateral and/or multilateral cooperation. More than 20 people participated in the seminar and shared relevant market supervision experience and development ideas. The participants include the representatives from the securities and futures regulators of 7 countries, namely, Mongolia, Russia, Laos, Cambodia, Thailand, Malaysia, and Bangladesh and the business backbones from relevant departments and units of the CSRC system. Relevant principals from CSRC Department of International Affairs, SZSE and SSE also attended the seminar.
Representative of the CSRC Department of International Affairs said that in recent years, CSRC has always adhered to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and earnestly implemented the spirit of the 19th CPC National Congress. It has promoted the opening up of the capital market in a safe and orderly manner and continued to strengthen the pragmatic cooperation in capital markets of "Belt and Road" countries so as to actively promote the capital market to serve the "Belt and Road" construction. Besides, CSRC has explored to provide quality financial services to the "Belt and Road" construction through various exchange and cooperation forms such as equity cooperation, product cross-listing, interconnection, information sharing, and personnel exchanges, making positive progress in related work. CSRC will further unleash the potential of capital market and work hard on financial security in accordance with the principle of "stable, steady and pragmatic advancement". Meanwhile, it will actively promote the internationalization of stock exchanges and encourage more powerful enterprises to go globally through cross-border M&A so as to steadily explore the international market and enhance the international competitiveness of domestic enterprises. In addition, it will support high-quality overseas listed Chinese-funded enterprises to participate in domestic market M&A and support relevant countries and enterprises to issue "Belt and Road" bonds in SZSE and SSE.
SZSE's representative said that in recent years, SZSE has conscientiously implemented the relevant arrangements of CSRC. It has actively and orderly promoted the cooperation and development between the capital markets of "Belt and Road" countries so as to promote financial integration. Besides, SZSE has explored to establish the service mechanism for cross-border investment and financing for scientific and technological innovation so as to serve the deep integration between the "Belt and Road" characteristic industries and innovation capital. Next, it will continue to work together with all parties on the exploration of new paths and platforms for "Belt and Road" capital markets in accordance with the overall requirements for the opening up and development of capital market, aiming to build a world-leading innovation capital formation center.
During the three-day seminar, representatives from the regulatory agencies of the said countries held in-depth discussions on such advanced topics as capital market innovation and development, front-line supervision, cross-border law enforcement cooperation, technical system management, investor education, bond market, futures market, and registration and settlement system. They also shared the development of capital markets and regulatory experience and provided suggestions for promoting the "Belt and Road" construction. The content of the seminar is close to the current reality, as well as the frontier of supervision. It has played a good role as a channel for communication and exchanges and as a platform for mutual learning, being unanimously affirmed by the participating representatives.
