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China CSRC denies reports HK bourse to launch yuan futures products - report


Published : Fri, 16 Mar 2007 01:14
By : Agencies
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BEIJING (XFN-ASIA) - China Securities Regulatory Commission chairman Fan Fuchun denied media reports that the Hong Kong bourse is planning to launch yuan futures products, the official Shanghai Securities News reported.

Fan was also quoted as saying that China Mobile Ltd (HK 0941) will be able to directly list on the mainland market within this year.

Meanwhile, the issue on whether large state-owned companies should list on both the A-share and H-share markets or whether they should list on the A-share market first for their initial public offering has not been decided yet, Fan said in the report.

(1 usd = 7.74 yuan, 7.8 hkd)

kai.guo@xfn.com

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