"The move is an important step of further opening China's securities sector to foreign players, and it will bring healthy competition and help introduce mature experiences and expertise from overseas institutions to the domestic industry," Yang said.
China has rolled out an array of measures to significantly broaden market access since the beginning of 2018, a year that marks the 40th anniversary of the country's reform and opening-up policy.
China announced in April that it would increase quotas for two pilot schemes that allow domestic investors to access foreign assets, as part of its broader efforts to open up the financial market.
The quota for the Qualified Domestic Limited Partnership program in Shanghai and the quota for the Qualified Domestic Investment Enterprise program in Shenzhen will be expanded to 5 billion U.S. dollars each.
China also expanded the daily quotas for its Shanghai-Hong Kong stock connect and Shenzhen-Hong Kong stock connect starting from May 1.
Beginning June, global index provider MSCI will list a number of China A-shares in its market indices, providing new channels for global investors to benefit from China's strong growth.
"The Chinese market has greater appeal day by day," said Jing Ulrich, managing director and vice chair of Asia Pacific of JPMorgan Chase.
"Investors from around the world are moving to add investment here in preparation for opportunities to emerge in the future," Ulrich said.
【国内英语资讯:Economic Watch: Chinas financial opening up attracts global investors】相关文章:
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