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B-share reform beckons again

03 May 2012

During his recent trip to Guangdong province, Guo Shuqing, the chairman of China Securities Regulatory Commission (CSRC), promised that the regulator would soon come up with a blueprint for reform of the B-share market, Shanghai’s foreign-currency denominated board which has not seen any new IPOs since 2001. Given the deepening of the domestic capital base since the B-share board was launched in the early 1990s – not to mention the increasingly rapid pace of renminbi internationalisation – Chinese commentators have been airing their views on whether B-shares still have a role to play in China’s financial system.

RENMINBI COMPASS

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Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.