Shanghai Stock Exchange to overtake Hong Kong counterpart in 2010

The Shanghai exchange will overtake Hong Kong in 2010 in terms of new share listings, says PricewaterhouseCoopers, adding that Shanghai's planned international trading board will accelerate that trend.

The international board that will allow foreign companies to sell shares denominated in the Chinese currency may help the Shanghai Stock Exchange SSE to raise up to Rmb300 billion $43.95 billion through initial public offerings this year, overtaking its Hong Kong counterpart, which is forecast to raise HK$300 billion $38.96 billion, PricewaterhouseCoopers said yesterday.

In an effort to open up markets and lower the barriers to entry -- a move it hopes will attract overseas...

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