By Sally Chen, IMF's resident representative for Hong Kong SAR; Dimitris Drakopoulos; Financial Sector Expert in the IMF’s Monetary and Capital Markets Department
China is embarking on the next stage of its integration into global financial markets. It is a stage that is likely to see a fresh flood of overseas investment, improved liquidity, better governance, and a broader range of instruments.
The catalyst: inclusion of Chinese stocks and bonds in a larger number of global financial-market indexes. As Chinese securities are added, investment managers who seek to match or surpass the returns of the