Domestic firms get easier access to A-shares
Mainland trust companies and insurance asset managers will find it easier to grow their funds businesses following a relaxation of the rules on opening securities accounts in China.
Trust companies and insurance firms have been given more flexibility to trade Chinese listed stocks, as part of regulatory moves to boost institutional participation in, and optimise the structure of, domestic capital markets.
This was confirmed by two circulars issued by China Securities Depository and Clearing Corporation (CSDCC) on Friday, which both came into effect that day.
One of the circulars enables trust companies to open securities accounts again after a hiatus of mor…
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