Foreign capital Bank first Landing International board has suspense

Separately listed or group whole?　　Is the fund-raising limited to domestic use?　　Recently, a number of overseas companies to express the first landing on the international Board of Positive attitude, including the Bank of East Asia and HSBC, but the reporter learned that, because there are many technical problems, foreign capital Row first Landing International board may be relatively small. Shangliang, chairman of the Shanghai Stock Exchange, said that four rules, such as international board issuance, trading rules, listing rules and settlement rules, were already in the first draft and were being refined.　　However, he said that at present, the International board can not be expected to launch the timetable, the first batch of companies landing the International board is not determined.　　However, even if the international board launched, the first landing of foreign banks still face many problems, some analysts pointed out that, given the size of regulation and financing issues, foreign companies in the first batch of international board is not likely. A senior insider from HSBC had also told our correspondent, "We have always been interested in international editions." However, there are still many unresolved issues, such as whether to take the Chinese companies listed separately or the overall listing of the group, this is not conclusive. The analyst said that if the group is listed as a whole, will the funds raised in China be used only for China's development or for the entire group? If Chinese companies are listed separately, are there any problems with the valuation of the company? How to solve the interests of other shareholders?　　There are a series of problems that need to be studied. As for the way foreign banks are listed, Guotai chief banking analyst Wu Yonggang last night in an interview with our correspondent that foreign banks are more likely to take a group listing.　　He said that sub-bank often has only one shareholder, its shareholder structure and governance structure is inconsistent with the regulatory rules, and it is difficult to avoid the transfer of assets and so on, so the group listing is more appropriate and relatively easy to regulate. But for the group listing Way, Wu Yonggang raised two questions: first, the group listed financing scale is large, but the international board began when the financing scale is limited, this will form the conflict; second, foreign banks are transnational banks, and their regulation must be expanded to international scope, and global regulation, This is a high demand for our regulators, and it is now beyond regulatory capacity. "Foreign banks have difficulty in listing the international boards in the short term, and the first batch of landings is less likely."　　"Wu Yonggang said. Nanfang Daily reporter Huang Intern Shao