18 August 2019

SSE gets nod for FTZ asset trade platform, paper says

The Shanghai Stock Exchange has been given the official go-ahead to set up international financial assets trading platform in the Shanghai free trade zone, the China Securities Journal reported Wednesday, citing Zheng Yang, director of the Shanghai Finance Office. The planned platform, which aims to be a private equity market and won’t allow foreign firms to list shares, may cover trade in offshore renminbi bonds or even stocks, according to unidentified sources. Meanwhile, Zhang also said several institutions are planning to launch international financial services in the zone, including an international gold trade platform operated by the Shanghai Gold Exchange, the report said.

– Contact HKEJ at [email protected]



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