Abstract
In 1987, as China’s first commercial bank founded by an enterprise and a pilot bank in the efforts of the Chinese government to drive financial reform, China Merchants Bank (CMB) was established at the forefront of China’s reform and opening-up campaign, in Shenzhen Special Economic Zone. In 2002, CMB was listed on the Shanghai Stock Exchange; and in 2006, the bank was listed on the Hong Kong Stock Exchange.
The interview was conducted by: Xiao-Ping Chen, University of Washington.
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- 1.
A shares are securities of Chinese incorporated companies that trade on either the Shanghai or Shenzhen stock exchanges, quoted only in yuan (CNY). They can be traded only by PRC residents or under the Qualified Foreign Institutional Investor (QFII) and Renminbi Foreign Institutional investor (RQFII) schemes. B shares can be quoted in US dollars and Hong Kong dollars, and can be traded by non-residents of the PRC and retail investors of the PRC.
- 2.
H shares are securities of Chinese incorporated companies nominated by the Central Government for listing and trading on the Stock Exchange of Hong Kong, quoted and traded in Hong Kong dollars, without restrictions on the trader (FTSE 2014).
References
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CMB (2015b). 2014 Annual Report, China Merchants Bank. Retrieved March 26, 2015, from http://file.cmbchina.com/cmbir/de9049e7-f1ce-4975-9b09-bc533a6a5173.pdf
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Tsui, A.S., Zhang, Y., Chen, XP. (2017). Changing with Your Needs, Changing with the Situation. In: Leadership of Chinese Private Enterprises. Palgrave Studies in Chinese Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-40235-6_5
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DOI: https://doi.org/10.1057/978-1-137-40235-6_5
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