"The Chinese market has always been the most important overseas market for Daiwa Securities." Geng Xin, vice chairman of China Commission of Daiwa Securities, said at the 2020 China International Trade in services Fair (hereinafter referred to as the "service trade fair"), Geng Xin, vice chairman of Dahe securities China Committee, said that Dahe securities had entered the Chinese market for 30 years, helping many Chinese enterprises to achieve results in equity financing and bond financing. "It can be said that Dahe Securities Group is not only a witness of China's capital market reform and opening up, but also an active participant."
Opening to the outside world is the engine of China's rapid development in the past 30 years, and it is also the "golden key" for China's new round of development in today's complex environment. As an important part of service trade, the financial industry keeps opening up to the outside world, which not only attracts foreign institutions, but also promotes Chinese funded institutions to "go out".
What kind of opportunities and development does opening up bring? How to look at China's market potential? From September 5 to 9, the first large-scale exhibition service trade fair was held in Beijing after the epidemic. Nearly 150 international and domestic financial institutions were invited to participate in the special exhibition of financial services. In particular, more than 40 foreign-funded institutions, including Daiwa Securities, Morgan Stanley, UBS group, DBS Bank, swift, Deutsche Bank, Abu Dhabi International Financial Center and Bank of East Asia, gave the answer directly.
Yin Zhen, President of the Beijing Branch of Deutsche Bank (China) Co., Ltd., told the financial times that China is undoubtedly one of the key strategic markets of Deutsche Bank and a key market for future development in the Asia Pacific region. In the future, the bank will continue to actively layout its business in China, and also hopes to fully demonstrate the local business service capability and overseas business service capability of Deutsche Bank through the service trade fair. Chang Qing, President of MasterCard China, also said: "as the largest comprehensive exhibition in the field of global service trade, the service trade fair has become an important window for China's service industry to open to the outside world. This is the first major international economic and trade event held by China offline since the outbreak of the epidemic, demonstrating China's outstanding achievements in epidemic prevention and control and its firm determination to expand its opening-up. "
China's market remains the focus of foreign financial institutions
Many foreign-funded institutions have participated in the process of China's rapid economic development, and have seen the opportunities brought about by China's economic development potential in the future.
In recent years, with China's increasing efforts to open up to the outside world, the number of new foreign-funded institutions in China has increased significantly, especially a number of specialized institutions with characteristics have been set up in China. According to the information provided by the cbcirc, since 2018, the CIRC has approved foreign banks and insurance companies to set up nearly 100 institutions of various types in China, including insurance companies and financial management companies wholly owned or controlled by foreign investors.
