117 home companies go public overseas

Delivering a speech at the Forum of Chinese Capital Market, Shang Fulin, chairman of China Securities Regulatory Commission noted that the state share sale reform of Chinese listed companies has been initiated, during which some systematic drawbacks hindering the development of capital market will be worked out, bringing Chinese capital market into a new phase of health development.

The total number of capital market in Chinese mainland has added to 1,381 from 10 at the beginning, with the accumulative capital raised reaching over 910-odd billion yuan.

In terms of "attracting foreign investment", Shang added that there are seven special members in Shanghai and Shenzhen Security Exchanges and 58 overseas securities institutions that can engage in B share transactions; 7 jointly operated securities companies and 19 jointly owned fund management companies have been set up with authorization; 28 overseas institutions have been approved for QFII qualification, which has already had a authorized investment quota of 4.05 billion US dollars. As of "going global", 117 home companies have gone public overseas since the first enterprise was listed abroad on July 15, 1993.

By People's Daily Online