| Home | News| Living in China| MMS | SMS | About us | Contact us|
   
 Language Tips > Business news
Updated: 2006-01-16 10:07
China may merge A-share, B-share markets

有着中国股市"最尴尬的市场"之称的B股市场响起关门大吉的声音,A股和B股的合并可望在股改完成后得以解决。证监会、商务部等五部委日前联合发布《外国投资者对上市公司战略投资管理办法》,规定外资今后可以战略投资股改试点股票和股改后新上市公司的A股。业内人士认为,“与QFII相比,国外战略投资者的门槛要低很多。”市场也因此重新燃起了B股即将和A股合并的想法。

 

China may merge A-share, B-share markets

China's increasingly marginalized B-share markets, where share prices are denominated in US dollars and which are available to overseas investors, are set to be merged into the country's A-share market, experts said.

The B-share markets, originally designed for overseas investors but opened to domestic investors since 2001, have been increasingly marginalized as many overseas investors fled them after domestic investors entered the market.

The A-share markets on Shanghai and Shenzhen stock exchanges are open to domestic investors and qualified foreign institutional investors.

Share indices for the B-share markets dropped by about 70 percent during the past four years, according to the latest edition of the Economic Information Daily.

The B-share markets were originally designed as provisional ones before the country's A-share markets are to open to overseas investors.

Share prices have been on the rise over the past week as China made public regulations that allow overseas strategic investors to buy shares on the A-share markets.

The publication of the regulations triggered interest of investors for profit-taking in the undervalued B-share markets as share prices jumped by more than 10 percent over the past week.

Zhang Zhimin, an analyst with the China Securities Investment Consultancy Co., said there are no more justified reasons for the B-share markets to remain as overseas strategic investors are allowed to invest in the Chinese A-share markets.

Experts say the merger may take place after China completes its ongoing share reform later this year, which allows the State shares barred from public trading to be floated on the A-share markets. 

(Xinhua)

 

Vocabulary:
 

denominate: issue or express in terms of a given monetary unit(以某种给定的货币单位发行)

 

 
Go to Other Sections
Story Tools
Related Stories
· Microsoft to invest US$100m annually in China
· China may merge A-share, B-share markets
· China remains world's 3rd largest trader
more
 
Copyright by chinadaily.com.cn. All rights reserved

版权声明:未经中国日报网站许可,任何人不得复制本栏目内容。如需转载请与本网站联系。
None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited.