Date
18 October 2018

Share sales eyed for foreign firms in Shanghai FTZ, WSJ says

China may allow foreign companies in the Shanghai free-trade zone to raise capital by selling shares, the Wall Street Journal reported Monday, citing two people with direct knowledge of the matter. Authorities are working on a proposal that would enable qualified foreign companies to sell shares on an over-the-counter trading platform to be set up in the China (Shanghai) Pilot Free Trade Zone, according to the newspaper. The proposed platform is likely to serve as a test bed for the Shanghai Stock Exchange’s long-delayed international board, which would allow foreign companies to sell shares via initial public offerings, the report said.

– Contact HKEJ at [email protected]

CG

 

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