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Shenzhen Stock Exchange Hopes to Resume A Share Listing
The Shenzhen Stock Exchange, one of only two bourses on the Chinese mainland, has applied to the China Securities Regulatory Commission to resume listing A shares designed for domestic investors in China.
The application has been under tense discussions, said Yu Youjun, Mayor of Shenzhen City, in south China's Guangdong Province, at a news briefing held Thursday afternoon for the third Shenzhen high-tech fair that opened Friday.
While describing the move as reasonable and normal, Mayor Yu said the application would be conducive to a steady development of the bourse in Shenzhen because the projected venture growth board -- money-raising market for industries including high-tech businesses -- has not been launched at the Shenzhen bourse due to a range of factors.
The Shenzhen Stock Exchange, where some 500 A shares are traded, suspended the listing of new A shares in August last year as the exchange was fully engaged in preparing the venture growth board.
A shares, and B shares -- designed mainly for overseas investors, are the two main kinds of stocks traded on the Shenzhen and Shanghai stock exchanges.
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