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CSRC Denies B shares by Red Chips
China Securities Regulatory Commission (CSRC) has never considered to let top red chips listed in Hong Kong to issue B shares in the inland, pointed out Zhou Xiaochuan, chairman of CSRC, who is attending the NPC and CPPCC sessions in Beijing.
Since China opened B share to domestic market February 19, concerns have been aroused on capital market as regards the patterns and relations among A, B, H shares and red chips. And rumors also run in Hong Kong that CSRC has been pondering over issuing B shares by top red chips to lift both their prices.
By PD Online Staff Member Li Heng
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