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CSRC official: More China Firms to Get Listed Abroad
China has listed 48 of its economically-vibrant companies abroad, which have raised US$13.8 billion, chinadaily.com.cn learned the news from relevant government departments.
A senior official from the China Securities Regulatory Commission (CSRC), China's stock watchdog, said its department would try to revise and improve rules and regulations on Chinese companies which want to get listed abroad in accordance with international practices.
Gao Xiqing, vice-chairman of CSRC, said Chinese enterprises, bouyed by China's vigorous economic momentum, will have more chances to go listing at overseas stock markets, including the New York Stock Market, the Singapore Stock Market and Hong Kong Stock Market.
Gao said that Chinese government would strongly support Chinese companies to accumulate funds at the international capital markets.
H-share companies, or Chinese mainland enterprises which are listed in Hong Kong, has matured in the aspects of legal representitive management system and the modern enterprise system, Gao said.
He predicted H-share companies would take a more prominent role in the Hong Kong Stock Market, as more mainland heavyweight companies are allowed to list there. Recently, two mainland companies, the Unicom and Petrochina have been listed in Hong Kong.
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