China reiterates its intentions

A senior Chinese official has suggested that foreign companies will soon be able to issue A shares.

The chairman of the China Securities Regulatory Commission, Zhou Xiaochuan, has reiterated the Chinese government's commitment to greater foreign participation in the country's chaotic share markets.

Buried in an interview with the China Daily newspaper was a potentially extremely important suggestion. Zhou said that foreign companies would be able to list A shares. This means that Chinese investors would be able to invest in foreign companies who are financing their mainland operations through domestic sources of capital. The significance of this is that for it to be successful, a whole raft of other restrictions would have to be dismantled. Currency convertibility would have to be eased, onshore corporate...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222