As is learned from China Securities Regulatory Commission (CSRC), Shanghai Stock Exchange and Shenzhen Stock Exchange on May 8, four listed companies, namely SANY Heavy Industry Co., Ltd, Shanghai Zijiang Enterprise Group Co., Ltd, Tsinghua Tongfang, Hebei Jinniu Resources Co., Ltd have been confirmed as the first experimental group for ownership structure reform.

According to the relevant regulations, the stocks of the above-mentioned four enterprises will be suspended on May 9 the moment the stock markets open. In accordance to the Guide on the experimental ownership reform of listed companies promulgated by Shanghai and Shenzhen Stock Exchanges and China Securities Depository & Clearing Corporation Limited on May 8, the board of directors of the listed companies should publish announcement and apply for the resumption of their stocks in the market within two days after the board made the plan of ownership reform.

By People's Daily Online