Across China: Shanghai

International board launch

The Shanghai Stock Exchange (SSE) has accelerated the preparation work of launching the international board and the development of global exchange-traded funds (ETFs), Securities Times reported on Friday.

Red-chip companies, which are based in the Chinese mainland but incorporated internationally and listed on the Hong Kong Stock Exchange, would play a major role in the exchange's international board, which allows overseas-listed companies to sell shares denominated in the Chinese currency, the report said citing a source.