Financial Times FT.com

China to expand scheme to unwind non-tradeable shares

By Geoff Dyer in Shanghai

Published: June 28 2005 03:00 | Last updated: June 28 2005 03:00

China's plan to reform its stock markets is to be widened to include companies listed in Hong Kong as well as on the mainland, the head of the market regulator said yesterday.

Shang Fulin, chairman of the China Securities Regulatory Commission, said a number of companies with dual mainland-Hong Kong listings were preparing to take part in unwinding the large numbers of listed company shares that cannot be traded.

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