D-share listing gathers pace

More than 10 companies, including auto and white goods manufacturers, have expressed their interest in seeking financing through D-share listing in Germany, according to sources.

"We have been in close contact with companies expressing their interest in issuing D-shares in Germany, but the current moves remain at a very early stage," said a person familiar with the matter, who wished to remain anonymous.

"Overall the government has significantly speeded up the pace of building rules and infrastructural construction related to issuing D-shares. On the other hand, the regulators have been very cautious in selecting companies for the first batch to launch initial public offerings in foreign markets, although the criteria does seem not so difficult to meet. They do not want to let down foreign investors," said the source, referring to the six standards for potential issuers published by the Shanghai Stock Exchange earlier last month.