Qianhai Financial Reforms

Qianhai Company Registration Services
Hotline: 86-755-82147392, Email:info@citilinkia.com

As many different type and functions rules has been establsihed in Shenzhen Qianhai special economic zone .And in order to make the finance in Qianhai is more open and more easy to operate ,the government  also make measures for Qianhai financial reforms . Here it is the information supplied by ATAHK that related Qianhai financial reforms.

Shenzhen's Qianhai special economic zone is to get another shot in the arm with the mainland's securities and insurance watchdogs stepping up efforts to promote greater financial reform there in a bid to invigorate Shenzhen's capital market.

The China Securities Regulatory Commission (CSRC) said in a statement on Thursday it will support exchanges and cooperation between the capital markets of Shenzhen and Hong Kong. Based on the experience of the Shanghai-Hong Kong Stock Connect pilot scheme, which is expected to be launched this month, the CSRC said it will support the stock exchanges of both cities in exploring new cooperation formats to create a mutual win-win situation.

The commission said it will also back Shenzhen's futures services operators in expanding their services, and advocate the setting up of subsidiaries in Qianhai by qualified overseas financial institutions to operate the futures business. The CSRC will also work to formulate and revise relevant regulations regarding the establishment and licensing management of futures business operators.

Besides the futures business, the CSRC is gearing up to promote other aspects of financial product innovation in Qianhai. It will support offshore parent companies or subsidiaries of enterprises based in the zone in issuing onshore yuan-denominated bonds with no restrictions being earmarked for the use of the proceeds.

Under the framework of the Closer Economic Partnership Arrangement (CEPA) between the mainland and Hong Kong, the CSRC will proactively encourage Hong Kong-based organizations to establish full-license joint-venture securities and joint-venture fund management companies in Qianhai according to the relevant regulations. "The measures will play a positive role in creating a better atmosphere for Qianhai's financial reform and innovation. More financial resources will be gathered in the area, providing strong support for Qianhai as a pilot zone in the mainland's opening up of the finance industry," Ni Yanping, an official from the Development of the Shenzhen Municipal Government Financial Services Office, told China Daily.

The insurance sector is another segment the central government will be focusing on as it aims to strengthen the insurance industry's contribution to the country's economic development. The State Council said in July to fasten development of the insurance sector will optimize the economic structure and promote innovation in social governance.

The China Insurance Regulatory Commission (CIRC) said in a separate statement it will enrich and perfect Shenzhen's insurance market system in Qianhai. It will also encourage more insurance enterprises specializing in marine insurance, liability insurance, health insurance and endowment insurance to be established in Qianhai.The rules and policy will be effect on the Qianhai finance , be impact on investors .

Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com