BIZCHINA / News |
Red chip companies may return in July(China Daily)Updated: 2007-06-14 08:37 China may allow companies incorporated abroad and listed in Hong Kong to sell shares in the domestic stock market from July, when new rules take effect, the Shanghai Securities News reported, citing an unidentified source. The government wants so-called red-chip companies to sell yuan-denominated shares to help maintain liquidity and possibly curb rampant speculation in the markets, the report said. (For more biz stories, please visit Industry Updates)
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