Others News
- Shanghai bourse considers listing large multinationals
Date: 19-Nov-2007 Sources: (Xinhua Online)
BEIJING, Nov. 17 (Xinhua) -- The Shanghai Stock Exchange is considering listing large multinational companies that have enjoyed good growth in the country, a senior executive said here Saturday.
Que Bo, assistant general manager of the Shanghai Stock Exchange, told a conference on China's capital market that his bourse was 'doing market research for the plan and will get some results soon'.
'To strengthen the blue-chip market, we have been planning to list such multinationals as HSBC, Coca-Cola and Siemens, which have developed very well in China.'
Que said the country's biggest bourse would continue to lure more large domestic firms into the market and draw Hong Kong H-shares and Chinese firms registered and listed in Hong Kong, better known as red chips.
The bourse would not only expand but also strengthen the blue-chip market, which was essential to sharpening the competitive edge of China's capital market.
In addition to the Hushen 300 index futures, the bourse planned to introduce more financial derivatives to bolster the blue-chip market.
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