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B-share Markets Suspended to Prepare for Domestic Investors' Entry
China will suspend the trading of B shares from Tuesday until Friday to allow for technical preparations in the Shanghai and Shenzhen bourses before opening the market to domestic investors.
Separate announcements by the bourses said the move is to ensure full distribution of information, technical fine-turning and normal market order.
The China Securities Regulatory Commission (CSRC) announced the opening of the B share market formerly reserved for overseas investors to domestic residents late Monday, adding that a detailed scheme will be released in a few days.
Analysts believe that the new policy will produce a big rally in the B share market, which has been designed to attract foreign capital but actually didn't function adequately because of poor liquidity and small market size.
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