China's expanding opening-up of the capital market is an obvious sign the country is putting in great effort to let internal and external markets boost each other as part of its "dual circulation" strategy, said Eugene Qian, chairman of UBS Securities in Beijing, on Saturday.

"China's per-capita GDP has surpassed $10,000, and the country boasts a large affluent population, such as enterprise owners who have a demand for wealth management and succession," he said.

On the other hand, China's big financial institutions are also serving as clients for UBS. So, Qian added, "It is a very favorable, collaborative environment for all our key businesses in China…I see a promising market here."

"China will for sure bring very large growing space for years for us. China is of the utmost importance, as I've always said," Qian said.

China's market mass, and its developing stage with a growing institutionalization, professionalization and internationalization, created opportunities for UBS. All UBS businesses are able to find promising prospects in China. "We will increase input," Qian noted.

Qian said registration-based reform is a milestone for China's capital market over the past 30 years. It is the first time the system leveled its capacities in A-share issuance to international standards, and improved predictability in favor of stock issuers, intermediaries and investors during the floating process.

Financial services are highly related to the national economy, Qian said. The A-share market saw relatively good performance in 2020.

"As long as the national economy continues to recover and growth remains stable in 2021, the RMB will stay at a relatively stable level. These factors will lure foreign investors to keep entering the A-share market," Qian said.

"China is the first major economy to recover from the pandemic; its economy is able to be back on a healthy and growing track," Qian noted, adding even if there is about 5 percent growth in GDP, average growth will be still remarkable. He holds a generally positive view on China's economic recovery and growth after the pandemic.

Qian said the volatility in China's stock market earlier this year was a technical adjustment, given the pandemic's impact last year. Though China has gone through the most severe period of the pandemic, the situation in the US and Europe is not clear. It is not sure when the other economies will regain their level of growth as before the pandemic. This is one reason for the volatility, he said.

"The A-share market will not always be in adjustment. In the mid- and long-term, it is expected to be a stable and slow-bull market," Qian said.