The State Council of China issued the 'Guiding Principles for the Healthy Development of Capital Markets', outlining reforms in nine major areas to develop China's capital markets. The reforms aim to open up capital markets, promote direct financing, and establish multi-layer capital markets by 2020. Key initiatives include increasing QFII and QDII quotas, relaxing foreign shareholding limits, and developing local government bond issuance schemes.
doj/DataSet10/EFTA01454196.pdf
{"title":"Data Flash - China unveils agenda for comprehensive capital market reform","key_people":["Xiao Gang"],"document_date":"2014-05-11","document_type":"correspondence","key_locations":["China"],"document_subtype":"research report","key_organizations":["State Council of China","CSRC"],"reference_numbers":["DB-SDNY-0112172","SDNY_GM_00258356","EFTA01454196"]}