On February 18, a report from Hong Kong media quoted a mainland
source, saying that after the parliamentary sessions in the first
half of March, the China Securities Regulatory Commission (CSRC)
would work with the Shanghai Stock Exchange to accelerate red chip
stocks' return into the A-share market. They would try their best
to land China Mobile into the A-share market during the first half
of this year or by August at the latest. China Mobile, however, has
not confirmed the information.
The report also disclosed that papers concerning red chip
companies' issuing A shares have been submitted to the State
Council for approval. It is very likely that the CSRC would issue
official documents in regard to this matter by April at the
earliest.?
For more details, please read the full story in Chinese. (
http://www.dfdaily.com/node2/node27/node119/userobject1ai56710.shtml)
(China.org.cn February 19, 2008)
