China permits selling foreign shares in its equity markets

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

Shanghai Stock Exchange confirmed it is ready to allow foreign companies to trade stocks. According to Xu Ming, international stocks board's vice president, trading should begin soon. Trading of overseas stocks will aid Shanghai Stock Exchange to become worldwide financial center in 10 years. Listing in China's stock exchange would provide overseas firms with access to Chinese yuan and increase their market value.

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