A stock international board in brew has become the focus for many members of NPC and CPPCC this year. Many members accepted the interview from the journalist of Securities Times yesterday and said that the time and chance for pushing out international board had been mature. Some members even said that they hoped their companies which they served for now could be the first listing companies on the international board.
Mr. Wang Jian Zhou, member of CPPCC and board chairman of China Mobile said that China Mobile had prepared enough for turning back to A stock and was just waiting for the publication of relevant executing methods from the supervision departments. “We hope to be on international list as soon as possible and also to be the first enterprise on it.” He said.
Mr. Wang Jian Zhou said frankly that for many years China Mobile had researched many ways of turning back, such as direct listing on A stock market, and there were many problems. However, the returning process got great progress last year and got common view to realize turning back by listing on the international board. He said, now everything was ready and just waiting for the east wind.
Mr. Zhen Hai Quan, member of CPPCC and chairman of Pacific Asia region of HSBC also said that HSBC Holdings was trying to be the first company listing on the international board. He excluded that possibility that HBSC China would separately list on the international board. He insisted the thought that HBSC Holdings would list as integer on international board.
Judging from the conditions at present, it is the mature time and suitable chance to push out the international board, the supervision departments also have had enough preparation. Mr. Jiang Lian Hai, the delegate of NPC and director of Security Regulation Commission of Jilin Province, said while accepting the interview from journalist of Securities Times that pushing out international board was just the same as pushing out stock index futures and debt and equity financing which had been handed on to the securities supervision departments in their schedule.
Mr. Li Jian Ge, member of CPPCC and the board chairman of China International Capital Corporation (CICC) also said while talking about the topic of pushing out international board that the relevant departments had prepared for two or three years for pushing out international board, and many technique problems had been basically solved. The first group of listing enterprises has been locked on the red-chip companies listing in Hong Kong stock market, the Hong Kong local blue-chip companies and the large scaled state owned enterprises, three types of enterprises in total.
He appealed to the public that now it should speed up the process to early push out the international board, to enforce the influence and radiance of China securities market in the world, to advance the international competitive power of China capital market, to decentralize the domestic investors’ risk, to restrain the capital foam, to set free the over pressure of fluidity.
According to some date and viewing from the stock market, though there is over 3 trillion US dollar in total in the domestic stock market, the internationalization and opening degree of the domestic market have hung behind the developed market. For example, the New York Security Exchange (NYSE) in the United States owns more than 200 foreign enterprises, and more than 250 foreign enterprises are listed on NASDAQ, the Hong Kong Security Exchange also has more than 300 non local enterprises on list, however, in the mainland stock market, there isn’t any enterprises whose registration places are not in China on list.
“For many year, especially since the year of 2009, many oversea enterprises have showed their wish to seek for issuing bond and stock in our capital market, our relevant departments have also actively prepared for this matter. I think it is the right opportunity to ride the waves to push international board to let foreign enterprises to issue bond and stock in China.” Mr. Li Jian Ge said.