China allows qualified foreign funded firms to list domestically
China just rolled out a new policy that lets qualified foreign-funded companies list on its domestic stock exchanges.
The plan, backed by the Ministry of Commerce and other key agencies, is all about attracting more global investment and giving the economy a boost.
China speeds mergers and acquisitions rules
Along with easier listing, China is implementing faster revisions of regulations governing mergers and acquisitions to facilitate transactions for both local and international firms.
Qualified foreign equity investment firms can now join share issuances from certain listed companies, so expect more global money flowing in.
Mainland markets responded positively, with the CSI 300 Index and Shanghai Composite Index ticking up, while Hong Kong's Hang Seng Index dropped as investors worried about weak spending and rising US rates.