It did not say where the forum was taking place. Fang said that in addition to the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programmes, the inflows would be driven by a boost in the proportion of A-shares included in MSCI global indexes, as well as the inclusion of A-shares in FTSE Russell and Dow Jones indexes.
Fang also said that a number of US, Japanese and European investment banks had applied to raise their stakes in domestic brokerages to 51 percent. In December, UBS Group became the first foreign bank to win approval for a majority stake in a domestic securities joint venture. Fang said that several foreign banks had expressed a hope to apply to raise their stakes to 100 percent once permitted by regulations, and that the CSRC would strongly support such a move.
China's benchmark share indexes were among the world's worst performing equity markets last year, losing around a quarter of their value as the escalating Sino-US trade war put further pressure on the slowing Chinese economy. But stocks have drawn some support over the last month on signs of an easing in trade tensions.