Preferred share regulation on the cards
Print Edition
China may allow domestic companies listed overseas to issue preferred shares on the over-the-counter markets, the securities regulator said.
Financial institutions, Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors will be allowed to invest in preferred shares, Deng Ge, a spokesman for the China Securities Regulatory Commission, said at a briefing yesterday.
Individuals with assets of more than 5 million yuan (US$823,000) can also invest in the shares, Deng added.
The CSRC released a draft regulation on preferred shares to solicit public opinion, following the State Council’s decision last month to launch a pilot program on preferred share issuance.
Preferred stock, which has priority over common stock in dividend payments, is another funding channel for companies seeking long-term investors.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
