Qiang: B shares can be merged with international boards

Li Xiaoye Shi, a member of the CPPCC and a professor of the Central University of Finance and Economics, suggested in this year's proposal that the international board market under preparation should be based on a good multinational company, with appropriate introduction of some red-chip companies, and that international boards, denominated in dollars, act as "reservoirs" of foreign exchange funds Qiang said that through the establishment of international boards, the introduction of foreign high-quality enterprises listed, not only to enable domestic investors to share the profits created by foreign companies, but also to introduce advanced management experience and ideas abroad. In addition, in mergers and acquisitions, the international board is conducive to Chinese investors to participate in the integration of international resources, so that domestic enterprises more smoothly and easily participate in international mergers and acquisitions.　　Overseas enterprises in the International Board can be listed in three ways: the first issue of the listing, two listing or issuance of depository receipts. He believes that the international board can be appropriate to introduce some good performance, high level of management of red chips listed, but the red chips should not become the main body of the International Board, otherwise, the H-share return to a shares of the pirated, international board also lost its original meaning.　　In addition, consideration could be given to the transfer of existing B shares to international boards. Qiang recommends that international boards be traded in dollar terms, he said that this is tantamount to the establishment of a huge "dollar reservoir" in the territory, can alleviate the international hot money influx to the domestic market impact, to reduce the pressure of our country's foreign exchange reserve expansion, change Tibet to Tibet to the people, conducive to increasing the flexibility of the foreign exchange market, Create conditions for free convertibility under RMB capital account.