The Shanghai Stock Exchange is considering listing large
multinational companies that have enjoyed good growth in the
country, a senior executive said Saturday.
Que Bo, assistant general manager of the Shanghai Stock
Exchange, told a conference on China's capital market that his
bourse was "doing market research for the plan and will get some
results soon".
"To strengthen the blue-chip market, we have been planning to
list such multinationals as HSBC, Coca-Cola and Siemens, which have
developed very well in China."
Que said the country's biggest bourse would continue to lure
more large domestic firms into the market and draw Hong Kong
H-shares and Chinese firms registered and listed in Hong Kong,
better known as red chips.
The bourse would not only expand but also strengthen the
blue-chip market, which was essential to sharpening the competitive
edge of China's capital market.
In addition to the Hushen 300 index futures, the bourse planned
to introduce more financial derivatives to bolster the blue-chip
market.
(Xinhua News Agency November 18, 2007)
