China will launch similar to the Nasdaq index for newly listed companies
The Chinese government will allow companies to negotiate their newly created shares in the market, launching an index with the same characteristics of the Nasdaq in the country, assured
The Chinese government will allow companies to negotiate their newly created shares in the market, launching an index with the same characteristics of the Nasdaq in the country, assured Prime Minister Wen Jiabao.
The Chinese executive will also accelerate a plan to allow the sale of more corporate bonds to improve the structure of the debt market in China.
"There are a large number of small businesses that want to increase their funds and financial sector is not able to provide them that," Bloomberg said to an analyst, who added that "this move will increase the supply of initial public offerings (IPO) ".
China is focusing on the development of shareholders and debt markets in the country to help companies manage funds. The regulators have been planning a rate similar to the Nasdaq for companies recently and may allow futures contracts for trading for the first time, without giving a deadline.
The unprofitable companies will not be allowed in the negotiation.
The new system of trading could be introduced later this year because all the rules and regulations to implement the plan are already underway, said the chairman of the Shenzhen Stock Exchange, Chen Dongzheng.
"The key is to have a quick and simple process for companies start to sell shares on a stock exchange," said Chen Dongzheng.
The officer also stressed that companies listed in the new index will be allowed to transfer to the main stock exchange, provided they reach a certain weight
The Chinese government will allow companies to negotiate their newly created shares in the market, launching an index with the same characteristics of the Nasdaq in the country, assured Prime Minister Wen Jiabao.
The Chinese executive will also accelerate a plan to allow the sale of more corporate bonds to improve the structure of the debt market in China.
"There are a large number of small businesses that want to increase their funds and financial sector is not able to provide them that," Bloomberg said to an analyst, who added that "this move will increase the supply of initial public offerings (IPO) ".
China is focusing on the development of shareholders and debt markets in the country to help companies manage funds. The regulators have been planning a rate similar to the Nasdaq for companies recently and may allow futures contracts for trading for the first time, without giving a deadline.
The unprofitable companies will not be allowed in the negotiation.
The new system of trading could be introduced later this year because all the rules and regulations to implement the plan are already underway, said the chairman of the Shenzhen Stock Exchange, Chen Dongzheng.
"The key is to have a quick and simple process for companies start to sell shares on a stock exchange," said Chen Dongzheng.
The officer also stressed that companies listed in the new index will be allowed to transfer to the main stock exchange, provided they reach a certain weight
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5:13 AM
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