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bjl1525248 : China still 'exploring' international board for foreign companies to raise funds

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  • China still 'exploring' international board for foreign companies to raise funds (2019-06-13)
  • Shanghai ambitions to transform itself into a global finance hub on par with New York and London includes a long-discussed international board to attract foreign corporate giants to raise funds on the mainland stock market. The plan is still alive, a key official says, but needs approval from the State Council, China's cabinet. "We are exploring it, and I believe there will be some news about the board in foreseeable future," Fang Xinghai, vice-chairman of the China Securities Regulatory Commission (CSRC), said Thursday at a key gathering of leading Chinese figures in economics and finance in Shanghai. "Please wait and see." The idea has been kicking around for three years.    Photo by Imaginechina
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