Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
HSBC mulls share sales in Shanghai
Adjust font size:

Europe's biggest lender HSBC is talking with Chinese securities regulators about share sales in Shanghai, a report from Bloomberg said Saturday.


"There have been discussions held with the relevant authorities on the potential listing on the Shanghai Stock Exchange," the report quoted Vincent Cheng, HSBC's Asia-Pacific chairman, as saying in Hong Kong yesterday.


However, "There isn't a timetable" for a stock sale, according to Cheng.


China has agreed to let qualified foreign companies float their shares on the Chinese mainland, according to a joint statement issued after the Third China-US Strategic Economic Dialogue which concluded in Beijing on December 13.


China will also allow qualified overseas-listed companies to issue yuan-denominated corporate bonds and qualified incorporated foreign banks to issue yuan-denominated financial bonds following relevant prudential regulations, according to the statement.


HSBC has said it and Hong Kong unit Hang Seng Bank are both considering stock-market listings in Shanghai when rules allow, according to the report.


(Chinadaily.com.cn December 16, 2007)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- HSBC banks on operation center
- Third China-US SED concludes with success
- HSBC ventures into Chinese rural market
- China, US work out new tasks following strategic economic dialogue
- Third China-US SED opens in Beijing
- President Hu calls for further Sino-US cooperation
- China, US agree on closer cooperation in financial service sector
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?