SHANGHAI SOON

NYT--The Shanghai Stock Exchange is finalizing plans to create an international board this year, which would allow foreign companies to sell shares to Chinese investors on the mainland for the first time, David Barboza reports in The New York Times.

An international board, which regulators have been contemplating for years, would strengthen the development of China’s capital market system, significantly bolster Shanghai’s efforts to transform itself into a global financial capital, allow multinational companies to raise billions from new investors and probably force Wall Street banks and global investment firms to expand their presence in the city.


Already, companies including General Electric, HSBC Holdings, Standard Chartered Bank and the New York Stock Exchange have said they were considering or studying whether to list in Shanghai once the market opened to them, according to the companies and Shanghai officials.

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