Draft rules complete for new China int’l board -SSE

BEIJING, March 8 (BestGrowthStock) – Draft rules governing a new
Chinese stock exchange for overseas-based companies have been
completed, moving the so-called international board one step
closer to reality, the Shanghai Stock Exchange said on Monday.

The draft rules are still subject to change, and public
opinion will be solicited in due course, Shanghai Stock Exchange
Governor Geng Liang told reporters at a news briefing on the
sidelines of the National People’s Congress in Beijing.

The new board would allow foreign-domiciled companies to
make initial public offerings in China.

So far the list of companies that have expressed an interest
in such listings includes international names such as banking
giant HSBC (0005.HK: )(HSBA.L: ) and Nasdaq operator Nasdaq OMX
(NDAQ.O: ). Hong Kong-listed Chinese companies that are
technically based overseas have also expressed an interest,
including China Mobile (0941.HK: ) and PC maker Lenovo (0992.HK: ).

Stock Market Research

(Reporting by Samuel Shen, Doug Young and Kang Xize; Editing
by Ken Wills)

Draft rules complete for new China int’l board -SSE