More Chinese companies to issue B-shares

More than 20 well-performing Chinese companies are now preparing to issue B-shares in a bid to boost the country's B-share market, which is open only to overseas investors.

These companies are mainly from emerging industries such as computers, pharmaceuticals, and aviation, according to a source attending the '99 Forum on China's B-Share Market.

Experts say that the entry of more successful companies will be conducive to the sound development of the B-share market.

They say the market is expected to have a bright future with the implementation of the Securities Law and rapid growth of the national economy.

The two-day forum in Shanghai has attracted over 200 scholars and investors from about a dozen countries including the United States, Britain, Japan, France, the Netherlands, the Republic of Korea, and Switzerland. (Xinhua)


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