China Securities Yearbook Offers Timely Debut
Filed in archive Book review by james on July 3, 2006

softwares" claims deputy director Dr. Daniel Gao.
With continuing reforms in the securities industry, this annual may prove to be a valuable and timely investment tool. After all, in a recent article in Forbes, the Bank of China, the country's second biggest lender, begins trading Wednesday on the Shanghai Stock Exchange.
"Bank of China's listing could be a turning point," ran a headline in the state-run newspaper Economic Observer, forecasting a positive reception for the bank's shares, modestly priced at 38 cents.
After its listing, Bank of China will be the Shanghai exchange's biggest listed company, accounting for more than 15 percent of its about 3.13 trillion ($391 billion) capitalization, according to state media reports.
For now, most foreign investors are barred from buying yuan-denominated shares. But that is changing as the government lifts restrictions on share purchases by foreign companies and "qualified foreign institutional investors."
More than 80 percent of Chinese firms listed domestically -- a total of 1,092 -- have completed or are in the process of state-shareholding reform as 35 more firms announced plans to float shares previously barred from trading on the stock markets. About 1,370 firms are listed domestically and the 1,092 firms account almost $430.7 billion US in market value, or 81.25 percent of the total.
This comprehensive yearbook may prove to be a valuable investment tool and handbook
even for policy shapers. (Editor's note. We are presently engaged in assisting GTA in marketing this financial product.)Permalink: China Securities Yearbook Offers Timely Debut
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Mr Wong
