BEIJING, April 1 (Xinhua) -- China's Shenzhen Stock Exchange (SZSE) announced Wednesday that it will merge, upon approval from the Chinese securities watchdog, its main board with SME board on April 6, reported Xinhua-run Xinhua Finance Thursday.
For the existing SME board-listed companies, their stocks will be reclassified as main board listed A-shares and their securities codes and short names will remain unchanged after the merging.
The "002001-004999" securities code band for existing SME board listed companies will be a part of that of SZSE main board-listed A-shares, which hence is readjusted to range from 000001 to 004999.
Changes of names of indices related to the SME board of SZSE such as the SZSE SME Price Index, SZSE SME Composite Index, and SZSE SME 300 Price Index will take effect from next Tuesday.
By then, no special zone will be reserved for transaction and price trend demonstration of SME board-listed stocks on SZSE.
To facilitate the board merging, SZSE amended seven sets of rules including the transaction rules, detailed implementation rules for margin trading and securities lending, and high bonus share directive, effective also from April 6.
SZSE said the move is an important step to deepen capital market reform and vowed to further optimize its main board- and ChiNext market-centered market structure and better serve development of enterprises of different types and in different development stages. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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