Bourse to work deeply with CAS
Print Edition
THE Chinese Academy of Sciences has signed an agreement with the Shanghai Stock Exchange seeking its help in raising funds and reorganizing the CAS’s companies, the exchange said yesterday.
The exchange will “cooperate deeply in the long term” with China’s top research institute to help list its companies and issue bonds, or to support the merger and reorganization of its entities.
The agreement will simplify the fundraising process of the CAS’s companies as part of efforts to boost the development of China’s strategic emerging industries, said Deng Maicun, secretary-general of the academy.
Under the agreement the two parties will look closely at high-potential technology companies.
The CAS has 25 listed companies on both domestic and overseas exchanges and 15 companies on the National Equities Exchange and Quotations, an over-the-counter market for trading shares of firms that are not listed in the Shanghai and Shenzhen exchanges.
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