By the end of August 2004, a total of 106 Chinese mainland enterprises had been listed on stock markets outside the mainland, an official from China Securities Regulatory Commission (CSRC) said Friday.

Speaking at the China Investment Policy Seminar, Han Ping, deputy director-general of the CSRC International Cooperation Department, said that those 106 companies had totally raised 32.86 billion US dollars in capital.

Of those 106 companies, only one was listed in Singapore, while all the rest were in Hong Kong (with some that floated their stocks in two or three markets). There are also 70 Chinese-capital companies incorporated in areas outside the mainland (so-called red chips) and listed in Hong Kong, according to Han.

The listing of a large number of mainland enterprises in Hong Kong has changed significantly the listing segment of Hong Kong's capital market. She believes so many mainland companies listed in Hong Kong will strengthen and elevate Hong Kong's status as an international financial center.

"It has boosted the attraction of Hong Kong's capital market for international investors", she said.