Photo taken on Nov. 14, 2021 shows an exterior view of the Beijing Stock Exchange in Beijing, capital of China. (Xinhua/Li Xin)
BEIJING, Sept. 13 (Xinhua) -- Beijing Stock Exchange (BSE) is amending its supervision directive for board shift of listed companies on basis of the public opinions pooled during September 1-12, reported Securities Daily on Wednesday.
The bourse is mulling to study and perfect enhancement of regulatory coordination for board shift with bourses in Shanghai and Shenzhen.
The directive, generally regarded as a starting signal for advancing the board shift of listed companies on BSE to Shanghai Stock Exchange and Shenzhen Stock Exchange, is predicted by the newspaper to be applied soon after amendment.
Previously, media report citing personnel from China Securities Regulatory Commission (CSRC) said that the sector regulator required formation of orderly, standardized and regular arrangements over the board shift of listed companies on BSE.
The board shift rules offer quality companies diversified paths of development and locations of listing and add impetus to growth of BSE-listed companies, said market watchers, highlighting that alongside the regular running of board shift in the future, valuation of stocks of companies of the same type on Beijing, Shanghai and Shenzhen will tend to be similar and companies can select suitable boards to go pubic without board shifts. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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