The Shanghai Preheating International Board of Securities Regulatory Commission said that time is to be determined and make full technical preparations (VC293)

In recent days, the international board that has been brewing for several years has once again become the focus of market attention.
A few days ago, Shanghai Mayor Han Zheng cheered for the Shanghai Stock Exchange, which has been in a state of preparation. At a press conference at the closing of the "two sessions" in Shanghai, he said, "Now is a good time to launch the international board"; Shanghai Fang Xinghai, director of the Municipal Finance Office, also said that the international board "should be launched in 2011."
According to the plan of the Shanghai Stock Exchange, the short-term strategic goals include the period from 2011 to 2013, while the medium-term and long-term goals refer to the two periods of 2014-2016 and 2017-2020, respectively.
According to reports, the Shanghai Stock Exchange will vigorously promote the construction of the international board market, cooperate with regulatory agencies, accelerate the return of red chips to the A-share market, explore the institutional arrangements for foreign companies to issue and list in China; follow the principle of gradual and steady progress, and increase global promotion efforts. Attract overseas quality companies to go public. Promote the construction of a high-quality international board market and enhance the competitiveness of China's capital market. In the end, from 2014 to 2016, the medium-term strategic goal of becoming a "large-scale international board market with considerable scale, product diversification, and Asia" will be realized.
Prior to this, Geng Liang, chairman of the Shanghai Stock Exchange, also said at the "Ninth China Corporate Governance Forum" held by the Shanghai Stock Exchange, "At present, we have completed preliminary preparations for business rules and technologies such as listing and trading, and have conducted in-depth research on information disclosure. , Continuous supervision, cross-border law enforcement, investor protection and other important issues, and actively create conditions for the launch of the international board. "
Relevant persons from the Shanghai Stock Exchange said that preparations for the international board of the Shanghai Stock Exchange had already begun in 2010 and are currently waiting for the approval of the regulatory authorities.
As for the Shenzhen Stock Exchange's plan to seek the international board, the above-mentioned person said that the Shenzhen Stock Exchange is unlikely to be the first to establish the international board. "From my personal knowledge, it is unlikely that the regulatory authority will be outside the international board in the short term. Specially opened another channel for the return of small and medium-sized red chips. "
Slightly different from the attitude of the Shanghai Stock Exchange hoping to launch the international board as soon as possible, the CSRC has not given a specific timetable for the international board. At the 2011 National Securities and Futures Supervision Work Conference held earlier, Shang Fulin, chairman of the China Securities Regulatory Commission, just said that he would study and formulate rules for the international board system and make full technical preparations.
In contrast, the "small QFII", which is expected to lay the foundation for the launch of the international board, is expected to be launched earlier. The "small QFII", which opens up another channel for overseas funds, refers to overseas RMB investment in Chinese securities and fund companies in Hong Kong A Stock market. It is reported that the regulatory authorities have approved the pilot program of "little QFII"; another business that is expected to be launched in 2011 is the "refinancing" business that is matched with financing and securities lending, and many brokers have already received the regulatory department. Questionnaires related to this business.
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