Commerce Minister: China Will Allow Listing Of Qualified Foreign Firms - Report

Date:2011-09-09lile  Text Size:

SHANGHAI -(Dow Jones)- China will allow foreign companies that fulfil certain criteria to list in the country, the Securities Daily reported Friday, citing China's commerce minister Chen Deming.

China will provide guidance for companies that meet the criteria, and will treat foreign listings fairly, said Chen, who made the remarks at a forum in Xiamen. He didn't give further details.

The minister also said China intends to improve its foreign-merger-and-acquisitions policies and make the relevant regulations more transparent.

Authorities in Shanghai have yet to follow through on a long-awaited plan to launch an international board that will enable foreign companies to sell yuan-denominated shares. Global giants such as HSBC Holdings PLC (HBC) and Coca-Cola Co. (KO) have expressed interest in listing their shares in China.

Newspaper website: http://zqrb.ccstock.cn

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