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March 9, 2010

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Listing And Trading Rules Drafted

CHINA has completed draft rules for the listing and trading of overseas companies on the international board at the Shanghai Stock Exchange, Geng Liang, the bourse head, said yesterday.

Geng, who is also a member of the National Committee of the Chinese People's Political Consultative Conference, the country's top political advisory body, said public opinions about the rules would be sought after further revisions.

However, Geng said there was still no timetable for the launch of the board.

Earlier this year, Shang Fulin, chairman of the China Securities Regulatory Commission, the industry watchdog, said that it would work with relevant departments on a system allowing overseas firms to list on domestic bourses.


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