CSRC mulls international board

Updated: 2010-11-29 13:28

By Hao Yan (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

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.

CSRC mulls international boardLaboring for US citizenship
Related readings:
CSRC mulls international board What is the Shanghai International Board?
CSRC mulls international board No timetable for the international board yet
The board is crucial for Chinese mainland stock exchanges to go international, and the process is accelerating, the newspaper reported quoting Yao as saying on a forum on Nov 27.

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.

Paper's Digest

Chinese jet takes on Big 2

First large commercial plane set to ride on demand for aircraft as economy grows.

Super-CPU only for domestic eyes

European Edition

Specials

Chinese jet takes on Big 2

First large commercial plane set to ride on demand for aircraft as economy grows.

Gaining ground

Doing business in china for westerners has come a long way, Peter batey says.

Safeguarding environment a priority

China continues to face mounting pressure to curb environmental degradation, despite progress in reducing pollution over the last five years, the environmental protection minister warned.

Mounting inflation pressure tests policy makers
Chinese vice president to visit four nations
Chinese, Russian presidents meet in Seoul on co-op