Regulator says Covid has accelerated China’s reform agenda

CSRC vice-chair wants US firms to help develop onshore futures for risk management

Fang Xinghai
Fang Xinghai, CSRC: China's futures market played a ‘critical role’ in V-shaped economic recovery
Photo: Imaginechina/SIPA USA/PA Images

The Covid-19 pandemic has not delayed the development of China’s financial markets, according to Fang Xinghai, vice-chairman of the country’s Securities Regulatory Commission. Indeed, it may even have accelerated developments by increasing market participants’ appetite to hedge risk and volatility.

“The pandemic in China hasn’t had a major impact on the direction of the capital markets. If anything, it has accelerated the pace of development, as well as reform and opening up in the Chinese

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