21 November 2018

Shanghai mulls new approach to blue-chip trade, paper says

The Shanghai Stock Exchange will look into introducing a differentiated trading mechanism for blue chips this year to attract long-term capital to the market, the Shanghai Securities News reported Thursday, citing the bourse. The program will be a top priority for the exchange in 2014. Meanwhile, the exchange will study the establishment of a high-yield blue-chip board and steadily introduce preferred stocks this year. The bourse will focus on supporting businesses related to the internet, energy conservation and environmental protection, alternative energy vehicles as well as culture. The exchange will also expand bond issuance on the market and launch exchangeable bonds and write-down bonds, the report said.

– Contact HKEJ at [email protected]



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