Market Chatter: China Assures Wall Street Execs of More Capital Market Reforms

MT Newswires Live11-20

The Chinese government told Wall Street executives it will beef up capital market reforms and open up the financial sector even more for foreigners, Reuters reported Tuesday, citing remarks during the Global Financial Leaders' Investment Summit in Hong Kong.

"We open our arms to foreign investors. They're welcome to the mainland to share in the success of China's economic development," People's Bank of China Deputy Governor and State Administration of Foreign Exchange chief Zhu Hexin was quoted by Reuters as saying during the summit.

The country will also take away roadblocks to investment and carry out supportive measures, the report said, citing China Securities Regulatory Commission Chairman Wu Qing.

Vice Premier He Lifeng said the country will help top-quality companies list and issue bonds in Hong Kong to help the city strengthen its status as a global business center, Reuters reported.

He also said Hong Kong has been benefiting as well from China's stimulus measures, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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