The China Securities Regulatory Commission CSRC recently announced new selection processes for potential listing companies. In addition, under the supervision of the CSRC, the Shanghai Stock Exchange SSE has issued important new share listing rules. Together, the two new rules go some way towards relaxing government restrictions and improving market transparency.
PRC B-shares are domestically listed shares for companies incorporated in China. The shares are denominated in foreign currency US dollars in Shanghai and Hong Kong dollars in Shenzhen. Strictly speaking, B-shares are only available to foreign investors, although, many B-share transactions are entered into by domestic investors attracted by prices much lower than those on the A-share market. Despite domestic investor interest,...
