One belt, one road, one capital market

If China’s One Belt, One Road strategy is to spur greater economic integration and cross-border investment across a vast area, capital market reforms are a must. 

China’s One Belt, One Road OBOR strategy aims to foster mutual trust and greater policy coordination with the countries that line its ancient land and maritime silk routes to Europe, the Middle East, Africa and the rest of Asia.

OBOR will expedite the build-up of urban infrastructure across this vast area and help to open up markets, facilitating trade, capital flows, and economic integration.

But its successful implementation hinges on regional market reforms that encourage the optimum...