Shanghai Stopover ; a Motley Crew of Policy Makers, Regulators and Market Experts Set Out On a Trip to China to Find Out How Different the Chinese Financial Markets Are From the Ones Back Home.

Summary

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In the first week of july, a motley crew of policy makers, regulators and market experts set out on a trip to China. Their objective? To find out how different the Chinese financial markets are from the ones back home. The delegation comprised two Finance Ministry officials Arun Ramanathan, Secretary, Department of Financial Services and K.P. Krishnan, Joint Secretary (Capital Markets); M.S. Ray, Executive Director, Securities & Exchange Board of India (SEBI); Gagan Rai, Managing Director & CEO, National Securities Depository Limited (NSDL); and Ravi Narain, Managing Director, National Stock Exchange. The group met up with senior officials at China's Finance Ministry; the market regulator the China Securities Regulatory Commission (CSRC); the banking regulator the China Banking Regulatory Commission; and the Shanghai Stock Exchange.

Interestingly, this interaction comes at a time when Chinese investors have started looking at India as an investment destination. In January this year, the China International Fund Management Company registered with SEBI as a foreign institutional investor (FII). BT learns that a few Chinese sovereign wealth funds have also started investing in India.

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Shanghai Stopover ; a Motley Crew of Policy Makers, Regulators and Market Experts Set Out On a Trip to China to Find Out How Different the Chinese Financial Markets Are From the Ones Back Home.

The delegation discovered that the Chinese market faces a similar set of challe...

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