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China's securities regulator unveils broader Hong Kong market cooperation push

China's securities regulator unveils broader Hong Kong market cooperation push

CSRC Chairman Wu Qing outlined support for two-way listings, more RMB-denominated futures, mutual professional recognition and closer coordination with Hong Kong regulators on IPOs, enforcement and risk monitoring.

Fact Check
The claim is corroborated by the official CSRC speech page and Caixin's primary reporting, plus detailed secondary coverage from BigGo Finance and Odaily. All confirm Wu Qing announced, on 2026-08-03 at the HKEX RMB government bond futures listing ceremony, five measures supporting: two-way cross-border listings (functional synergy), more RMB-denominated futures and ETFs (product synergy), exploring expanded mutual recognition of professional qualifications (ecosystem synergy), and strengthened regulatory cooperation on risk monitoring and information sharing. BigGo also documents SFC Chairman Wong Tin-yau's supportive remarks, matching the 'closer coordination with Hong Kong regulators' element. Each specific element of the claim is verified across sources.
Summary

China's securities regulator widened its policy message on Hong Kong from support for mainland listings to a broader plan to deepen two-way capital market cooperation. Wu Qing, chairman of the China Securities Regulatory Commission, said on Aug. 3 in Hong Kong that the CSRC will support mainland enterprises with international expansion plans in pursuing listings in Hong Kong, back quality Hong Kong-listed companies seeking listings on the mainland, and help eligible Hong Kong companies expand into the mainland using diversified capital market tools. He also said the regulator will support more indices based on Chinese assets, more futures products priced and settled in RMB, wider mutual recognition of professional qualifications for securities and futures practitioners, and stronger coordination with Hong Kong regulators on IPOs, intermediaries, enforcement, risk monitoring and information sharing. Separately, the CSRC said in April 2024 it planned to expand Stock Connect to cover yuan-denominated Hong Kong stocks and real estate investment trusts, although no implementation date has been confirmed.

Terms & Concepts
  • Stock Connect: The cross-border trading link between mainland China and Hong Kong.
  • RMB-counter shares: Hong Kong-listed stocks that trade in Chinese yuan rather than Hong Kong dollars.
  • REITs: Real estate investment trusts, property-linked income vehicles.