China’s Banking Regulator Calls for Further Growth of Capital Markets and Direct Financing

90

The top regulator for China’s banking system has called for greater development of the domestic capital market in the second half of 2020.

Guo Shuqing (郭树清), chair of the China Banking and Insurance Regulatory Commission (CBIRC), said it will ensure that the finance sector better supports the real economy in the second half of 2020 in the wake of the COVID-19 pandemic, according to state media reports from 13 August.

To this end China will continue to “further drive the growth of the capital market and the growth of direct financing”

In the first half of 2020 the market share of direct financing rose several percentage points to 36% from 32%.

“We hope that this momentum can continue, and can provide more direct financing to support enterprises,” said Guo.

Related stories

Di­rect Fi­nanc­ing Needs to Ex­pand, A-shares War­rant For­eign In­vest­ment: Chi­nese Se­cu­ri­ties Reg­u­la­tor

Bei­jing to Launch Cap­i­tal Mar­kets Fin­tech Lab­o­ra­tory

CSRC Un­veils 12 Key Mis­sions for Re­form of Chi­nese Cap­i­tal Mar­kets

LEAVE A REPLY

Please enter your comment!
Please enter your name here