Off the wire
• Australian parents warned to keep poisonous staff out of childrens' reach  • Across China: If filial piety does not help, try filial funds  • Shanxi official pleads guilty in bribery trial  • New Zealand wineries pair wine with hotpot for China market  • Commentary: Lessons we can learn from Brussels terror attacks  • Interview: Confidence, patience needed in understanding Chinese economy: Aussie economist  • China to provide adult education for 1.5 mln migrant workers  • 3rd LD Writethru: New Zealanders reject change to Union Jack in national flag  • Xi, Obama to meet in Washington  • Uber sues Ola over fake bookings in India  
You are here: 　 Home

Qingdao port international considers A-share listing

Xinhua, March 24, 2016 Adjust font size:

Hong Kong-listed Qingdao Port International is considering an A-share listing, its president has said.

Based on China's relevant regulations, Qingdao Port International is considering to initiate a plan to list on the country's A-share market, but a timetable is yet to be finalized pending further discussions, said Jiao Guangjun, president of the port.

The cargo traffic at Qingdao Port International's ports reached 430 million tonnes last year, rising at a pace faster than its competitors, with a return rate on net assets at 15.3 percent.

The company's net profit and return on net assets are in the same range with the A-share market's top three port operators, said Jiao, adding that if it completes A-share listing, the company would consider an employee stock ownership plan.

Qingdao Port International Co., Ltd. is the primary operator of the Port of Qingdao in east China's Shandong Province. Established on November 2013, it was listed on the main board of the Hong Kong Stock Exchange in June 2014. Endit