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CHINA: TOKYO STOCK EXCHANGE INTENDED TO SET UP SPECIAL INSTITUTION TO ATTRACT CHINESE ENTERPRISES.
IPR Strategic Business Information Database, May, 2007
According to fdi.gov.cn: As recently reported by Japanese Daily News, Tokyo Stock Exchange would apply to open a firm in Beijing this summer to attract Chinese rising enterprises to get listed in the exchange. Currently Tokyo Stock Exchange has determined to submit application to Chinese government.
Recently China Securities Regulatory Commission released Detailed Rule on Managing the Institution Set Up by Overseas Stock Exchange claimed to start handling related application on July 1. Therefore, Tokyo Stock Exchange responded quickly. The rule of the CSRC also emphasized that the application conditions for setting up institution was that the overseas stock exchange must sign a MOU with Chinese financial supervising department and has a good relationship. Chinese...
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