Top China ADR Portal

China ADR stock research


Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 56

Warning: date(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home1/chinaves/public_html/libraries/joomla/utilities/date.php on line 198

Shanghai To Permit Foreign Firms To List Shares, Sell Bonds

E-mail Print PDF

questionmark June 22, 2010 (Chinavestor) In a bid to become a leading global financial center by 2020, Shanghai is preparing to allow foreign firms to list shares and sell debt on its financial markets. China's households and corporations have a vast pool savings, $7.3 trillion by some estimates, for foreign companies to tap into.

UBS (NYSE:UBS) said Dow components such as Coca-Cola (NYSE:KO), General Electric (NYSE:GE) and Wal-Mart (NYSE:WMT) could seek Shanghai listings for their shares. The Shanghai Stock Exchange is in the process of drafting rules for the board where foreign companies will be allowed to sell shares, Bloomberg reported.


Goldman Sachs (NYSE:GS) noted that China's bond market is small when measured against comparable economies, such as the U.S. and Japan, with just $2.4 trillion in notional debt outstanding. Goldman Sachs (NYSE:GS) also  called China's equity markets “relatively immature.”

International firms are currently restricted from selling Yuan-denominated bonds in China. Foreign companies may be allowed to sell bonds in China without using local units within months as the government expands capital markets, Bloomberg News reported, citing UBS (NYSE:UBS).



If you like us, spread the word to the fellow investors on your favorite Social Bookmarking websites
Reddit! Del.icio.us! Mixx! Free and Open Source Software News Google! Live! Facebook! StumbleUpon! TwitThis Joomla Free PHP
 

!!! CHINAVESTOR.COM is for SALE !!!

BUY this domain with all its credentials. Chinavestor.com has been added to Google News and Finance since 2008! Huge web traffic upside potential! Website is optimized for Chinese stocks but can easily be tweaked. Contact Seller Here

sale1
G_news
Check out The Benefits of Getting into Google News!