China official calls for joint trading in HK/mainland dual-listed stock - report |
|
|
|
Published
:
Fri, 16 Feb 2007 02:05
|
BEIJING (XFN-ASIA) - A leading Shanghai official has called for a joint trading mechanism in China and Hong Kong dual-listed stock, the Financial Times reported.Such a trading system would allow investors in Shanghai and Hong Kong to buy and sell shares in both markets in the 38 companies with dual listings, the report said.Fang Xinghai, deputy director of the Shanghai government's Financial Services office, told the FT such a mechanism would mean share prices in Shanghai would reflect international as well as domestic investor sentiment.It would also put pressure on the mainland market to improve its corporate governance standards, he added.'China can better utilize Hong Kong's more advanced financial market as an asset. It could help to modernize the entire Chinese financial system,' he was quoted as saying.A former deputy head of the Shanghai stock exchange, Fang is the Shanghai official charged with developing the city as a financial center.virginie.mangin@xinhuafinance.com
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
1423.08 |
+25.01 (
1.76 %)
|
| SYMBOL (
2008-12-02 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
1347.00 |
+51.00 (
4.02 %)
|
| SYMBOL (
2008-12-02 )
|
| LAST |
CHANGE
|
| SYMBOL (
2008-12-02 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Banking and insurance highlights to 09:15 GMT 