A few days ago, the Central Bank Vice President Ma drente in Chinese and Russian financial cooperation News Conference, central banks hope international Board to launch as soon as possible. But just last Saturday (27 November), Commission Vice President Yao gang in a forum, the Commission is to intensify research to promote the construction of the International Board, make efforts to solve the related legal issues.
Two officials recently on the concern of the International Board, then reflect central bankers Zhou xiaochuan recently proposed to introduce a "hot money" pool, many people think that international Board is following the deposit, the bond market, stock market, another hedge liquidity "pool". But I believe that the International Board of the "pool" in the water, you must repair the catering firm, not like today's gem, preparations for 10 years, the introduction of the discovery are not mature enough, many deficiencies.
Since the launch of the International Board to be related to different financial supervision Department, Central Bank officials want to through the International Board to grant the introduction of the International Board, SFC as regulators also noted that to this point, is actively promoting.
However the Commission to consider more than the Central complex,: 1, International Board will launch on the market brings supply pressure, for the Commission, each year, new shares of the IPO and refinancing, have given today's A-share market has brought great pressure. 2, the International Board of the new share price-earnings ratio of how to fix it? if you still like a gem like the high-earnings ratio, excellent placement will obviously be cheap for overseas companies, so the system of construction is particularly important. 3. opening of the International Board, the Chinese company law requires the company organizational structure must have a supervisory board and independent directors and the Supervisory Board at the foreign and independent directors belong to different management structure, and others not listed on the Board of supervisors to China?
Furthermore, even if the next launch of the International Board, the first introduction of must be the red chips return to pilot and then put the offshore high-quality public companies including HSBC Holdings, NYSE, Siemens and other companies, there is a gradual process. International Board of expansion speed if too quickly, and makes A unit in triage; however progress gradually progressive enlargement, then its just no Central Bank officials say the "pool" hedge mobility features.
In my view, the launch of the International Board was only a matter of time before the launch, but there are many things to do, we must put this "pool" penetrating couture to market until so many similar gem on the problem can be avoided. Although the Central Bank officials eager hope as soon as possible the International Board, but the launch of the International Board and there are many details of the problem to be solved, it is estimated that launched the International Board truly also will take some time. 【 finance.】
No comments:
Post a Comment