The Shanghai Stock Exchange denied media reports that an international board will be launched in the city’s newly established free trade zone (FTZ), Shanghai Securities News reported Thursday on its website, citing an unnamed stock exchange source. The Securities Times’ weibo microblog reported early Thursday that relevant government departments had agreed in principle for the exchange to set up a branch and a international board in the zone, suggesting that foreign firms could be listed in the FTZ. The weibo report said details of the plan have yet been finalized, adding that only those securities companies with branches in the FTZ will qualify as sponsors. The board will rely more on Chinese securities companies in the early stage, it said.
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