Beijing selects B shares

Article Abstract:

The 33 companies which have been selected by the Chinese government for B share listings are predicted to raise more than $ billion. The government hopes that this approach will boost the domestic markets catering for foreign investors. This will be the first time that the selection of candidates has been undertaken by the securities authorities, rather than by the two stock exchanges in Shenzhen and Shanghai. The new listings will have average capitalisation of $50 million.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Listing & Registration, Privatization, Privatization (Business)

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China stocks look overseas

Article Abstract:

Candidates are seeking overseas listings, due to changes in mainland policy in China, and the China Securities Regulatory Commission (CRSC), the regulator, will give priority to enterprises in the inland regions in the next selection. Yunnan Tourism Group Co will apply to list overseas and Ninghu Highway Company and Nanjing Central Emporium, a retailer, are also considering overseas listing.

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China's long march to privatisation

Article Abstract:

Guangzhou Iron and Steel (Guanggang) and Shanghai Guomai Industrial, a pager operator, may have to postpone their market debuts due to a lack of confidence in China's foreigners-only B share market. Guanggang has suffered due to austerity measures, and Shanghai Guomai Industrial is concerned about the country's policy of withholding foreign investment from the key telecoms industry.

Iron and Steel Mills, Blast furnaces and steel mills, Raw Steel, Management, Government ownership, Nationalization, Guangzhou Iron and Steel Corporation Ltd.

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