When attending the 15th Asian financial forum in 2022, Fang Xinghai, vice chairman of the CSRC, said on the 10th that the CSRC has always supported qualified mainland enterprises to go to Hong Kong for listing and financing. Recently, the CSRC has publicly solicited opinions on the relevant systems and rules for overseas listing of domestic enterprises and the introduction of relevant rules, It will further increase the stability and predictability of the regulatory system for overseas listing of mainland enterprises, and better support enterprises to list overseas in accordance with the law and regulations.

Fang Xinghai pointed out that the capital market has successfully responded to domestic and foreign risks and challenges, operated steadily, deepened reform and opening up and served high-quality development. In terms of the stock market, the Beijing stock exchange was established, the reform of the pilot registration system on the science and innovation board and the gem was smoothly promoted, and a shares rose steadily on the whole. A total of 484 enterprises in Shanghai and Shenzhen IPO, financing 535.15 billion yuan; 546 listed companies completed refinancing; The average daily turnover was 1.06 trillion yuan, and the market activity and resilience were significantly enhanced. At the end of 2021, the scale of public funds exceeded 25 trillion, a record high. The steady inflow of foreign capital was maintained. In 2021, the net inflow of foreign capital into the A-share market was 384.6 billion yuan, the highest level in the past five years. In terms of the futures market, the steady launch of pig futures has operated steadily over the past year, with a steady increase in transaction positions. The expected guiding role of futures prices on pig breeding enterprises has gradually emerged. The establishment of Guangzhou futures exchange, the opening and operation of CSI commodity index company, and the organization and institutional system of futures market were further improved. The first batch of commodity option varieties were introduced to foreign investors as specific varieties to participate in transactions, and the opening to the outside world was further deepened. In 2021, the average daily turnover of the futures market was 30.9248 million and the average daily position was 27.9596 million, both reaching a record high. The ability of the futures market to serve the real economy has been significantly improved. In terms of the exchange bond market, the market is generally stable, with about 8.7 trillion yuan of new bonds issued in 2021. On the whole, in 2021, the strength and effect of the mainland capital market in serving the real economy were significantly enhanced, and both quantity and quality were achieved.

Fang Xinghai pointed out that in recent years, the close cooperation between the capital markets of the mainland and Hong Kong has not been affected by the epidemic and the international environment. Practical cooperation in the fields of market, products, institutions and supervision has constantly presented new highlights and made new breakthroughs. In terms of market and product connectivity, the two sides support companies with different voting right structures, unprofitable biotechnology companies and science and Innovation Board stocks to be successively included in the subject of Shanghai Shenzhen Hong Kong stock connect, so as to promote the smooth implementation of ETF interoperability products.

The CSRC supports and assists in the launch of A-share index futures in Hong Kong, providing international investors with a more convenient risk management tool for investing in the mainland market, and enhancing Hong Kong's service capacity and attraction to international capital. As for the listing of mainland enterprises in Hong Kong, the CSRC has always supported qualified mainland enterprises to list and raise funds in Hong Kong. By the end of 2021, 1222 mainland enterprises had been listed in Hong Kong, accounting for 47% of the total number of Listed Companies in Hong Kong. This has provided an important boost for mainland enterprises to allocate resources globally and achieve high-quality development, and also created a good opportunity for global investors to share the dividends of China's long-term and stable economic development.

Fang Xinghai said that recently, the CSRC has publicly solicited opinions on the system and rules related to the overseas listing of domestic enterprises. The introduction of the relevant rules will further increase the stability and predictability of the overseas listing supervision system of mainland enterprises, better support enterprises to go overseas in accordance with the law, and more effectively protect the legitimate rights and interests of global investors. In terms of mutual establishment of institutions, 9 Hong Kong funded joint venture securities companies, 2 Hong Kong funded joint venture fund management companies and 1 Hong Kong funded wholly-owned futures company have developed in the mainland, and 34 mainland securities companies, 25 mainland fund companies and 17 mainland futures companies have developed in Hong Kong. In terms of regulatory cooperation, the CSRC of the two places regularly held high-level and working level meetings, improved and improved cooperation mechanisms such as cross-border risk prevention and cross-border derivatives supervision, and cooperated more and more closely and smoothly in daily supervision, law enforcement, information exchange and personnel exchange, providing a strong regulatory guarantee for the smooth operation of the markets of the two places.

Fang Xinghai pointed out that Hong Kong's role as a link between Mainland China and the international financial market has been further strengthened. The CSRC will continue to support Hong Kong to consolidate and enhance its status as an international financial center and further promote the formation of a good situation of complementary and coordinated development of the capital markets of the two places.