Out of the loop: provincial bourses are on hold for the time being
Article Abstract:
The reestablishment by China of stock trading in two cities has led to the mushrooming of small bourses in the provinces. Some have been approved while others are still waiting for the go-signal from the national government to proceed. The stock market fever has been contagious. A typical example of a provincial bourse in that of Shenyang in Liaoning Province located in northeastern China. Activity in the bourse does not yet qualify it as a real stockmarket. However, everything is done according to the rules of the securities industry and there is unbridled optimism in its eventual success.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
Bs in the honey pot
Article Abstract:
Chinese stock market officials are opening up the country's equities market to foreigners. On Apr 1992, five Chinese companies will offer 104 million B shares worth $65 million on the Shenzhen Stock Exchange. The Shanghai Stock Exchange also plans to offer $100 million worth of B shares to foreign investors annually. Officials are also looking into the possibility of allowing foreign securities brokerages to trade in the stock market.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: UBS net profit increases 15% on strength in private banking. Pax provides patchless peace of mind
- Abstracts: Lovely liquidity: Seoul bourse may be due for sustained rally. Marked by the market
- Abstracts: Tournament of shadows: opposition sceptical over latest efforts to end Tajik war. The Tajik time bomb
- Abstracts: A fine line. The grass is greener: non-Asian bourses offer some bargains. Joining the party
- Abstracts: Opening the Himalayas: Nepal liberalises trade policy. Tough ascent. Losing altitude