Transfer control to be scheduled for HK $62.6 billion in Shanghai next March

Source: Internet
Author: User
Keywords SSE Hong Kong dollar next year
Tags company control exchange international board join listed listed in listing
According to the Hong Kong "Wen Wei Po" report, when the market speculated on the launch of the Shanghai Stock Exchange International Board, the latest in March next year to achieve the listing of the SSE plan, become "the first crab-eating people."  The news is that the control scheme issued a 5 billion-pound (HK $62.6 billion) stake and has appointed Citic and CICC as listed sponsors, and Goldman Sachs is also likely to join the underwriting team.  It was reported that the company acknowledged that it was planning a listing but declined to disclose details and timetable.  In addition, the report did not disclose the form of the meeting to be listed in the SSE because the details of the Shanghai Stock Exchange International board have not yet surfaced. Some mainland experts pointed out that the Shanghai International Board in the technical and regulatory aspects of the problem is not much, materials in the initial stage, foreign capital will be used for domestic investment, can avoid currency exchange problems. If so, the fund will include the expansion of the mainland branch network, mergers and acquisitions of mainland peers, and even the possibility of buying Chinese government bonds. In addition, the Basel Committee proposed to increase the capital adequacy ratio of banks, the exchange control can also rely on the financing of supplementary capital, provided that the mainland allows them to fund the mainland for offshore.

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