The Issuers and the Listing Process
By the end of the 1990s over one thousand Chinese companies had completed initial public offerings and a few dozen more had tried and failed internationally. As could be expected from the foregoing chapters, listed Chinese companies are not particularly comparable. Generally speaking there are four broad categories of listed companies: the A shares, the B shares, the H shares and the Red Chips. But there are also a handful of NASDAQ shares, which seems likely to increase given the hi-tech market fad, and British Virgin Island holding companies for issuers like China Telecom. There has been a deliberate screening by the government as a result of which what it considers the best companies have been offered on international markets, while smaller ones, or those which have failed at an international listing, list domestically.
KeywordsInitial Public Offering Listing Candidate Tariff Structure International Offering Share Company
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