日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China weighs opening market to foreign stocks

(Agencies)
Updated: 2009-08-06 13:45

BEIJING: 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.

Related readings:  Property stocks up despite poor performance of HLP  Mainland stocks headed for 'sizable correction'  Chinese shares hit one-year high driven by financial stocks  Behind those expert talks on stocks  HK stocks soar on recovery hopes

"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.