CSRC: No Timetable for Int'l Board
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The China Securities Regulatory Commission (CSRC) is still in preparation to launch the international board but there is no specific timetable, the Securities Daily reported Tuesday, citing Shang Fulin, head of the CSRC.
The international board will allow foreign-incorporated companies to list and raise capital in China. The CSRC has studied some issues concerning the international board, including law application, market positioning, investor’s protection and accounting, Shang said. The CSRC will communicate with related ministries on system designs for the international board, he added.
Shang said one of the main tasks of the CSRC is to build the over the counter (OTC) market.
(chinadaily.com.cn December 21, 2010)