Date
19 September 2017

CSRC to publish preferred stock trial scheme, paper says

The government will publish a trial scheme for preferred stocks anytime soon after a public consultation, China Securities Journal reported Wednesday, citing Wang Xian, deputy director of market supervision of the China Securities Regulatory Commission. All qualified listed and non-listed firms can apply to issue such stocks. The scheme is open to all industries. Also, a draft proposal intended to avoid double taxation on private equity funds will be submitted this year, Wang was quoted as saying.

– Contact HKEJ at [email protected]

TL/AC/RA

 

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