On 4 June, FIA submitted comments to the China Securities Regulatory Commission (CSRC) on its proposal to increase foreign investment limits for Chinese futures companies. The CSRC proposals are available here.
FIA is very supportive of further foreign investment into China and the continued opening up of the markets to offshore participation. FIA commented on various aspects of the proposals including foreign shareholder requirements, senior management criteria, infrastructure and IT requirements and financial requirements. The letter can be viewed below. Please contact Phuong Trinh with any questions.