Site Search  Search
Study in China Job/Internship Learning Chinese
Study in China more...
· Tsinghua University
· Universities
· A Brief Introduction to Chinese Visa and the Procedure for Visa Application
Job/Internship more...
· Job Opportunities for English Native Speakers
· English teacher
· Lucent interns
· Internship Opportunities
· English teacher
Learning Chinese more...
· A priceless treasure无价之宝
· A swan feather sent from one thousand li away千里送鹅毛
China weighs opening market to foreign stocks

China's main stock exchange plans to launch an international board next year that would allow foreign companies to sell shares denominated in Chinese currency for the first time, a news report said.

The Shanghai Stock Exchange is working on the board as part of efforts to promote the city as a regional financial center, the newspaper Shanghai Daily said, citing a Shanghai deputy mayor.

"The board is expected to be launched next year," the deputy mayor, Tu Guangshao, said in comments published Wednesday.

A listing on a Chinese stock exchange could help foreign companies by allowing them to tap China's huge pool of savings and by raising their public profile.

China keeps its financial markets isolated from global capital flows and foreign companies are not allowed to trade on its two stock exchanges. Regulators have yet to issue rules on how foreign companies might be allowed to gain a place in its exchanges.

Shanghai is the world's best-performing stock market this year, with its benchmark index up nearly 90 percent.

British bank HSBC has said it hopes to be among the first foreign companies allowed to sell shares in China and has hired advisers to pursue a listing.

 Source : China Daily  Editor: Ivy
· China not taking sides on Kashmir
· Chinese Defense Minister visits DPRK
· Chinese, Singaporean presidents meet on bilateral ties
· China's Antarctic exploration ship arrives at Great Wall Station
· China pins high hope on APEC summit
· Central bank hints at yuan appreciation
· China moves to boost auto exports
· China "firmly opposes" Dalai Lama's visit to disputed border region
  在 线 查 词  

Privacy  |  About Us  |  Copyright  |  Advertisement  |  Contact Us