NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home > News Brief > China
No timetable for China B-share reform-state media
Latest Updated by 2006-09-20 09:53:37
Related News
Wen: No obstacles to free flow of information
Official: Measures on foreign news agencies won't lead to monopoly
New regulations do not affect foreign journalists reporting Olympics
China's open policy to foreign press unchanged
'Forbidden zones' on news report listed for courts
Rules on news release by foreign news agencies issued
China
Scientific concept of development urged
Panel seeks remedy for medical ills
Politicians make fresh bid to oust embattled Chen 

Chinese authorities do not have a concrete plan or timetable for reforming the system of B-shares earmarked for foreign investors, state media reported on Tuesday, denying a rumour that swept the market on Monday.

The Shanghai Securities News and the China Securities Journal, the country's two main financial newspapers, quoted unnamed sources in the China Securities Regulatory Commission and elsewhere as saying authorities intended eventually to conduct the reform, but had no specific plan at present.

On Monday, a CSRC official told Reuters that the commission had no plans to make any announcement on B-shares.

Shanghai's B-share index jumped 9.65 percent on Monday, its biggest rise in more than four years, on talk that authorities were preparing to combine B-shares with A-shares, which are traded by domestic investors.

According to the rumours, the reform might be announced around China's week-long holiday at the start of October, when some major policy announcements have been made in the past.

The Shanghai Securities News said that while authorities had formed a body to discuss reform of the B-share system, it had not conducted a working meeting or prepared a draft proposal.

Some sources said authorities would not act on B-shares until they had completed reform of China's system of state holdings of non-tradable shares. That reform is scheduled to be largely completed by the end of this year.

Editor; Yan

By: Source: CRI web edition
Previous:  2010 to see 100mln foreigners learning Chinese  Next:China blasts U.S. accusation on religious freedom


Volunteers make a splash for a cleaner beach


China Table Tennis Grand Prix kicks off in Guangzhou


Hengqin Stone Park in Zhuhai


Jewelry show


Tom and Katie sets the wedding date
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips