21 February 2019

New OTC market open to foreign-funded ventures, Xinhua says

All qualified companies formed under the limited-share system are allowed to list shares on the New Third Board, an over-the-counter trading market designed for growth enterprises, without any barriers set, the official Xinhua news agency reported Thursday, citing the China Securities Regulatory Commission. Responding to inquiries on its official Twitter-like Weibo, the regulator said all domestic firms, state-owned enterprises and ventures with foreign shareholders can apply for listing, although the last group is required to provide confirmation documents on foreign stake from commerce regulators, the report said.

– Contact HKEJ [email protected]




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