CSRC mulls international board
Updated: 2010-11-29 13:28
By Hao Yan (chinadaily.com.cn)
China Securities Regulatory Commission (CSRC) is considering launching an international board on the mainland stock exchanges, Shanghai Securities News reported Monday citing the commission's Vice-Chairman Yao Gang.
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The international board admits foreign companies and overseas registered companies to issue yuan-denominated stocks on mainland exchanges.
Some major legal questions must be tackled before the launch of the board, as the 2006 amendment of the company law and securities law does not cover foreign companies, or overseas registered companies. A series of laws are needed to regulate these new businesses, said Yao.
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