Call for easy transfer for listed firms
By Richard Fu |
June 28, 2013, Friday
|
Print Edition
Print Edition
CHINA should create a system to help companies to transfer between the main stock exchanges and a growing number of regional over-the-counter markets, according to participants at the Lujiazui Forum.
The OTC markets are designed to increase access to finance for small companies, with easier listing requirements than the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
"These two kinds of markets are serving companies of different scale and at different stage," Liu Shian, vice general manager of the Shanghai Stock Exchange. "We should have a system to allow the companies to move between them because companies will develop."
But Zhang Yunfeng, vice chairman of the Shanghai Equity Exchange, a local OTC market, said that will require change to securities law and also convert current IPO rules from the strict review system to a simple registration method.
China launched its largest OTC equity trading platform in Qianhai area in Shenzhen last month.
The OTC markets are designed to increase access to finance for small companies, with easier listing requirements than the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
"These two kinds of markets are serving companies of different scale and at different stage," Liu Shian, vice general manager of the Shanghai Stock Exchange. "We should have a system to allow the companies to move between them because companies will develop."
But Zhang Yunfeng, vice chairman of the Shanghai Equity Exchange, a local OTC market, said that will require change to securities law and also convert current IPO rules from the strict review system to a simple registration method.
China launched its largest OTC equity trading platform in Qianhai area in Shenzhen last month.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
