Regulatory roundup: Special all China CNY edition
Jan 29, 2014
Regulatory roundup: China may allow foreign firms to sell shares in Shanghai zone
Firms registered in the Shanghai FTZ may soon be able raise equity on local bourse; End to long-running accounting dispute between China and US in sight; Indonesia creates hedging umbrella law
China may allow foreign firms to sell shares in Shanghai zone
Finance directors and CFOs for foreign firms registered in the Shanghai FTZ may soon be able to raise capital by issuing shares in China, according the Wall Street Journal on October 15 citing unknown sources. The Shanghai Equity Exchange, in which Shanghai Stock Exchange owns 29%, is considering developing a platform that would allow foreign companies registered in the zone to sell shares.
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