China is to launch a growth enterprise board, private equities
and stock index futures this year, said a senior official.
"Preparations for the growth enterprise board and stock index
futures have been completed, and we are only waiting for the
go-ahead," said Cheng Siwei, vice chairman of the Standing
Committee of the National People's Congress (NPC), China's top legislature.
Cheng told a forum on private equity in Beijing that Chinese
policy makers have reached a consensus on the necessity of
launching the country's own private equities.
Private equities will help suck up the surplus liquidity in the
market. They have a role to play in countering acquisition and
merger bids from foreign investors, stimulating acquisition and
merger among domestic enterprises and even helping such activities
by Chinese firms in the international market, he said.
(Xinhua News Agency January 23, 2008)
