22 Apr '11, 9pm

China foreign stock boards 'to start with 10 firms': China's stock exchanges are aiming to spur investor interes...

SHANGHAI - China's regulators may allow 10 foreign and overseas-listed Chinese companies to sell shares in Shanghai under a trial programme after two years of preparation, the 21st Century Business Herald reported, citing a draft plan. Companies seeking to list on Shanghai's so-called international board should achieve a market capitalisation of more than 30 billion yuan (S$5.6 billion) and have a combined three-year net income of more than 3 billion yuan, according to the newspaper. China's stock exchanges are aiming to spur investor interest in the world's worst-performing major equities market last year by introducing financial reforms and providing access to the world's biggest companies. Shanghai Mayor Han Zheng said last month the foreign stocks board will be introduced soon. HSBC Holdings, Standard Chartered and Bank of East Asia plan to accelerate preparations for ...

Full article: http://www.todayonline.com/Business/EDC110423-0000290/Chi...

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