Board on track
By Zhang Fengming |
December 2, 2010, Thursday
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Print Edition
Print Edition
CHINA will hopefully start letting foreign companies sell shares in Shanghai next year, with approval processes for such listings to be made relatively simple, said Fang Xinghai, director-general of the Shanghai Financial Services Office, yesterday in Shanghai.
His comments clarified long-standing plans for the "international board," which is part of the city's aim of becoming a global financial centre within a decade, reported Reuters.
Speaking on the sidelines of a financial forum focused on cooperation between China and France, Fang said Shanghai would encourage French firms to list on the board.
His comments clarified long-standing plans for the "international board," which is part of the city's aim of becoming a global financial centre within a decade, reported Reuters.
Speaking on the sidelines of a financial forum focused on cooperation between China and France, Fang said Shanghai would encourage French firms to list on the board.
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