Capital Markets: Chinese Mainland and Photo Afp

capital markets: For the next step, China will unswervingly further push the reform and opening-up of the domestic financial markets, according to a statement by the China Securities Regulatory Commission CSRC on Monday, according to Global Times China. City of London Corporation Policy Chair Catherine McGuinness called launch of the program a gamechanger in deepening China-UK financial cooperation and expanding access to the Chinese mainland's capital markets. Photo AFP The long-awaited Shanghai-London Stock Connect went live on Monday afternoon Beijing time enabling British companies to raise funds in Shanghai and vice versa. It means global investors can now benefit from China's growth through London, while UK-listed companies are able to access Chinese investors directly, McGuinness told the Global Times in London on Monday. This, along with a number of other financial opening-up measures recently announced by the central government such as easing market access to certain financial businesses for overseas banks, are an important step in China's financial markets to achieve the opening-up of a wider range and a higher level, Yang Delong, chief economist at the Shenzhen-based First Seafront Fund Management Co, told the Global Times on Monday. The program also marks the gradual realization of stock link programs between A-share markets and overseas stock exchanges, and similar programs between China's stock exchanges and those in Tokyo, New York and Moscow can be expected, one expert said. (news.financializer.com). As reported in the news.