Make me your Homepage
left corner left corner
China Daily Website

China launches preferred stock trial

Updated: 2013-12-02 09:30
( Ximhua)

BEIJING - China has decided to launch a trial for preferred stocks to meet actual demand.

A guideline about the trial was released Saturday by the State Council, said Deng Ge, a China Securities Regulatory Commission spokesman.

The preferred stock trial will lead to many positive results, such as boosting companies' direct financing activities, helping commercial banks innovate their capital products, meeting the diversified needs of investors and facilitating the mergers and acquisitions among enterprises, Deng said.

He added the commission will make relevant rules based on the cabinet guideline and solicit public opinion soon.

China unveils reform plan for IPO system

Banker puts timeline for reform at 5-7 years

Banks' nonperforming loans up slightly in Q3

Banks to sell debt in Taiwan

Smaller Chinese mainland banks list in HK

'Move faster' to free deposit rates