02:13
Moving to the stock markets now. Officials say they are looking for the recent widening of access to China's A-shares markets to attract more foreign investors and overseas funding. Our reporter Yu Wen has more.
The new regulations may be attractive to foreign nationals working for Chinese companies -- and that includes those working in the Chinese mainland, and those living overseas but working for companies listed on the A-share market. The new rules are to be formally implemented after a month, and that will mean an estimated half a million foreigners will be allowed to open A-share accounts. However, it is apparently taking some time for the news to get around.
"Me personally no. I don't know anything."
"No, I didn't know but it's interesting."
"I wasn't aware until a few minutes ago you told me but I think it's very good news."
But the people we spoke to were optimistic about the investment potential presented by the new regulations.
RESIDENTS "It will really increase the flow of investment in China. It's a very good step for the government. They open up the market, and they have lifted the regulations."
"I think it will benefit China because obviously it will open your market but it will also give foreigners opportunities to invest in a dynamic and huge market like China. It's gotta be good news for foreigners."
The good news isn't coming all at once, however. The changes will be implemented in steps. Only foreigners from countries which have established cooperative regulatory mechanisms with China will be able to open accounts here. 62 countries including the US, Britain, Australia and Japan have done so.
CAI JUNYI, CHIEF ANALYST SHANGHAI SECURITIES "We are very cautious about the opening-up, which means every new financial policy will be implemented in steps. The financial upheavals of the last two years in China are the result of previous over-enthusiastic opening measures, taken without proper supervision."
Experts stress that foreign investors participating in the A-share market, will be under the same regulatory supervision as are Chinese investors.