On November 23, the chief lawyer of CSRC, Jinhong Jiao, said that CSRC will further promote to open up the securities and futures industry, the scope of internationalization of China's commodity futures continues to expand, and the opening process of the exchange bond market is also accelerating. CSRC will fully support and actively cooperate with China-Singapore (Chongqing) connectivity initiative project and the construction of a new channel through the land and sea to help build a new development pattern of "dual cycles".

"2020 China-Singapore (Chongqing) Connectivity Initiative Financial Summit" was held yesterday, and Jinhong Jiao made the above statement at the meeting. He believes that in the current context, it is of great significance to strengthen China-Singapore financial cooperation, jointly respond to global challenges, and achieve common economic prosperity.

He believes that, first, we should continue to improve the cross-border investment and financing system, optimize and expand the channels and methods of foreign investment in China's capital market, and further facilitate the allocation of RMB assets by foreign investors. Implement the new QFII and RQFII regulations and expand the investment scope; deepen the interconnection of domestic and foreign markets and improve the ETF interoperability mechanism; expand the channels for foreign institutional investors to trade the exchange bond market directly, increase the variety of futures options, and meet the risk management demand of foreign entities and investment institutions.

Second, further process the opening up of the securities and futures industry. Up to now, there are several number of foreign capital controlled securities companies, one foreign-owned futures company, and one foreign-owned fund management company have been approved. At the same time, China Securities Regulatory Commission will continue to support China's high-quality securities, fund and futures operators to enter oversea market and continuously improve the level of cross-border financial services.

Furthermore, we should continue to promote the cooperation between China and Singapore in the capital market. Study and discuss the feasibility of launching China-Singapore ETF interoperability and provide investors from both places with new channels for cross-border investment; we should continue to strengthen China-Singapore regulatory and law enforcement cooperation, exchange regulatory information, jointly prevent the cross-border securities crimes, and protect the legitimate rights for investors.

Jinhong Jiao said that in recent years, China-Singapore connectivity has continued to deepen, and the cooperation has achieved many bright spots. Under the regulatory cooperation framework of China Securities Regulatory Commission and the Monetary Authority of Singapore, the process of building a mutual cross-border investment and financing securities and futures operating institutions and the exchange of financial talents between China and Singapore are also accelerating.

According to the data given by Jinhong Jiao, as of now, Singaporean financial institutions have participated in 4 joint venture fund management companies in China, and the application of Singapore's DBS Bank to establish a holding securities company in China has also been approved and is currently in preparation for opening; another 24 and 33 Singaporean institutions have obtained QFII and RQFII qualifications respectively. At the same time, Singapore has also become one of the important destinations for Chinese securities and futures operators to go global. At present, two Chinese securities and futures operating institutions have established first-tier subsidiaries in Singapore and have obtained Singapore capital market licenses.

In addition, China Securities Regulatory Commission will continue to promote the high-level opening up, creating new opportunities for China-Singapore cooperation. China Securities Regulatory Commission cancelled the restrictions on the foreign shareholding of securities, funds and futures companies in advance. The new QFII and RQFII regulations and supporting rules also came into effect in November. At the same time, the scope of international commodity futures continues to expand, and the opening process of the exchange bond market is also speeding up.

"The continued opening of China's capital market will provide international investors with more convenient investment channels and increasingly abundant investment and hedging tools. It will also further promote the cooperation between China and Singapore capital markets." Jinhong Jiao said.

11月23日，中国证监会首席律师焦津洪表示，证监会将深入推进证券期货行业开放，中国商品期货国际化品种范围不断拓展，交易所债券市场开放也在加快推进。中国证监会将全力支持和积极配合中新（重庆）互联互通项目和陆海新通道建设，助力构建“双循环”新发展格局。
“2020中新（重庆）战略性互联互通示范项目金融峰会”昨日举行，焦津洪在会上作出上述表示。他认为，在目前背景下，加强中新金融合作，共同应对全球挑战，实现经济共同繁荣具有重要意义。
他认为，首先应持续完善跨境投融资制度，优化和拓展外资参与中国资本市场的渠道和方式，进一步便利境外投资者配置人民币资产。落实QFII、RQFII新规，放宽投资范围；深化境内外市场互联互通，完善ETF互通机制；拓展交易所债券市场境外机构投资者直接入市的渠道，拓宽期货期权品种，满足境外实体企业和投资机构的风险管理需求。
其次，深入推进证券期货行业开放。截至目前，中国已有多家外资控股的证券公司、1家外资全资期货公司，以及1家外资全资基金管理公司获批。同时，证监会也将继续支持中国优质的证券基金期货经营机构走出去，不断提升跨境金融服务水平。
再者，不断深化中新资本市场务实合作。研究推出中新ETF互通的可行性，为两地投资者提供跨境投资新渠道；继续加强中新监管和执法合作，互换监管信息，共同打击跨境证券违法犯罪，保护投资者的合法权益。
焦津洪表示，近年来中新互联互通持续深化，合作成果亮点纷呈。在中国证监会与新加坡金融管理局的监管合作框架下，中新双边跨境投融资证券期货经营机构互设和金融人才交流的步伐也在不断加快。
焦津洪给出的数据显示，截至目前，新加坡金融机构已在华参股了4家合资基金管理公司，新加坡星展银行在华设立控股证券公司的申请也已获批，目前正在筹备开业；另有24家和33家新加坡机构分别获得了QFII和RQFII的资格。与此同时，新加坡也成为中国证券期货经营机构走出去的重要目的地之一。目前，已有2家中国证券期货经营机构在新加坡设立了一级子公司，并获得了新加坡资本市场牌照。
此外，证监会坚定不移推进高水平开放，创造中新合作的新机遇。证监会提前取消了证券、基金及期货公司的外资股比限制，QFII、RQFII新规和配套规则也在11月正式生效实施；同时，商品期货国际化品种范围不断拓展，交易所债券市场开放也在加快推进。
“中国资本市场的持续开放，将为国际投资者提供更多便利的投资渠道和日益丰富的投资及避险工具，也必将进一步促进中新资本市场的合作。”焦津洪表示。