China's market regulators are taking proactive steps to reinvigorate interest in the world's second-largest stock market by engaging with European investors this week. According to sources cited by Bloomberg, Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), will lead the delegation. Scheduled to meet with investors in Paris on Wednesday and in London on Thursday, the meetings aim to restore confidence and attract foreign investment into China's stock markets.
Joining Fang at these meetings will be senior officials from the People's Bank of China, the National Financial Regulatory Administration, and the State Administration of Foreign Exchange. Their presence underscores the importance of these discussions and reflects a unified effort across China's financial regulatory bodies to address investor concerns.
Executives from 15 prominent Chinese-listed companies, including China United Network Communications Ltd, CMOC Group Ltd, and Ganfeng Lithium Group Co, will also participate. Their involvement is intended to provide firsthand insights into their operations and growth prospects, thereby offering a comprehensive view of the opportunities available within China's markets.
The Shanghai and Shenzhen stock exchanges are hosting the meetings, signaling their commitment to facilitating open dialogues with international investors. While the Shenzhen exchange did not immediately respond to a request for comment from Reuters, the Shanghai exchange could not be reached for immediate comment.
This initiative comes on the heels of recent regulatory actions by the CSRC aimed at enhancing market integrity and investor protection. Last month, the CSRC raised the standards for initial public offerings (IPOs), enforced delisting of unqualified companies, and tightened oversight of high-frequency trading. These measures are designed to bolster the stock market's stability and reliability, which are crucial for maintaining investor confidence.
