China Merchants Shekou debuts in Shenzhen

Dollar, yuan denominated share, assets swap offers new listing option

An innovative plan to form new shares, which debuted on the Shenzhen Stock Exchange on Wednesday, could become a blueprint for more major market listings in coming months.

Shares in China Merchants Shekou Industrial Zone Holding Co Ltd came into being after the company was merged with China Merchants Property Development Co Ltd, in a deal which combined dollar-denominated shares with yuan-denominated assets.