China plans OTC equities market to nurture small firms

The government is to launch regional over-the-counter equity markets to provide financing channels for small, unlisted companies.

China is preparing to establish regional over-the-counter OTC equity markets as part of its latest effort to provide access to credit for the country’s cash-strapped SMEs and to encourage private participation in the financial system.

The new fund-raising channel, together with other measures such as broadening the scope for cross-border renminbi investment, signals that a new round of financial reform in China is taking shape, according to Jing Ulrich, managing director of global markets,...

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