Date
24 September 2017

China has no plan to launch intl stock board soon, report says

China has no plans to launch an international board soon to allow listings of foreign firms, as the time is not ripe for such an initiative, Sina.com cited Xiao Gang, chairman of the China Securities Regulatory Commission, as saying at a conference in Beijing. In other comments, Xiao stressed that the government will continue to push forward reform to move toward a registration-based stock issuance system. Regulators will be responsible for ensuring that companies meet disclosure requirements, rather than merely act as gatekeepers for IPOs, he said.

– Contact HKEJ at [email protected]

MY/AC/RC

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