HSBC: China A-shares market cap to reach $10 trillion by 2020

Bank expects foreign ownership of Chinese listed companies to increase to 10%

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When Zhou Xiaochuan, the People’s Bank of China (PBoC) governor, spoke at this year’s National People’s Congress press conference, his rhetoric supported China’s continued commitment to accelerating financial reforms and achieving capital account convertibility.

The country’s steps to internationalise the renminbi have increased capital flows and investment into China, presenting first-to-market custodians with great opportunities via the Renminbi Qualified Foreign Institutional Investors (RQFII

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