Bientôt des entreprises étrangères listées à Shanghai et Shenzhen - une perspective moyen terme intéressante pour VESTASIA

La nouvelle ci-dessous est très intéressant. En effet le Shanghai Stock Exchange souhaite lister dans un proche avenir des entreprises étrangères. Aujourd'hui seules les entreprises chinoises sont introduites sur les places de Shenzhen et Shanghai.

Il existe deux types d'actions:

• De type A dont le prix est fixé en YUAN (ou RENMEMBI) et qui ne peuvent être négociées que sur le marché domestique;
• De type B dont le prix est fixé en US$ et qui peuvent être négociés sur les marchés domestique et international.

Cependant depuis 2002  avec l'apparition du système QFII (Qualified Foreign Institutional Investor), il est possible pour les investisseurs étrangers de négocier les actions de type A.

Evidemment il est question dans un premier temps de lister des entreprises étrangères d'envergure internationale  déjà implantées en Chine comme IBM, Coca Cola ou Siemens. Ensuite dans un second temps viendront des entreprises de taille plus modeste à la portée de VESTASIA.

Cette nouvelle offre une perspective moyen/long terme attractive pour VESTASIA qui pourra alors non seulement lister des entreprises chinoises en Europe mais pourquoi pas lister des PME Européennes en Chine?

Shanghai Aims for First Foreign Listing

  From Fu Chenghao, Shanghaidaily.com   2008-5-23

The Shanghai Stock Exchange aims to have its first foreign company listed within the year, an executive said yesterday.

"We hope we can see one by the end of the year," said Xie Wei, deputy general manager of the Shanghai exchange. "We aim to become an international exchange. Any exchange with no foreign companies listed cannot be called as an internationalized bourse."

China Securities Regulatory Commission Chairman Shang Fulin said December last year that China encourages overseas firms to sell yuan-denominated A shares on the mainland exchanges in a move to enlarge the capacity of the capital market.

"As the mainland's smaller bourse, the Shenzhen Stock Exchange, is set to launch a Nasdaq-like growth board in the second half, the Shanghai exchange has to hurry up its growth to include more other competitive elements," said a director at a leading domestic securities brokerage.

Xie, speaking at an event celebrating the establishment of the Shanghai representative office by Japan's Toyo Securities Co, said there are still difficulties to be solved before the first listing can be completed, although the exchange has been studying the plan for getting international companies that perform well in China to list domestically.

A number of multinational companies, including HSBC Holdings Plc, have discussed with relevant Chinese authorities on potential A share listings.

BOC International (China) Ltd Executive Director Wang Hong said the mainland market could be an ideal place for overseas companies to raise funds, and a listing could also enhance awareness of multinational companies on the mainland.

According to Xie, the Shanghai bourse plans to grow its international portfolio through cross shareholdings with other exchanges in Asia and the West acquisitions.