China to model financial reforms on Mifid II, says Ceinex’s Chen

Exchange chief tips authorities to review position limits and transparency in OTC markets

China map
Opening up: reform efforts could include a review of China’s position limits regime, along with initiatives to improve transparency

New reforms to China’s financial system will closely mirror the European Union’s second Markets in Financial Instruments Directive package, the chief executive of the China Europe International Exchange (Ceinex) has claimed.

“We’ve just declared intentions to outline China’s version of Mifid II,” Han Chen, chief executive of Ceinex, told Risk.net. “The government has prioritised attracting interest and liquidity from outside the country, so it’s going to be very similar to Mifid II.”  

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