BIZCHINA / Finance/Investment |
B sharesUpdated: 2006-09-26 09:55 B shares are foreign-invested shares issued domestically by PRC's companies. B Shares are also known as Renminbi Special Shares. B shares are issued in the form of registered shares and carry a face value denominated in Renminbi. B Shares are subscribed and traded in foreign currencies and are listed and traded in securities exchanges inside China. The B Share Market came into existence in 1991. By the end of April 1999, there were totally 107 B Share issuers. There were 54 B Share companies listed in Shenzhen with a total capitalization of RMB10.94 billion whereas there were 53 B Share companies listed in Shanghai with a total capitalization of 9.778 billion yuan. The B Share Market has attracted a considerable amount of foreign investors. The Market provides an additional channel for foreign capital thereby enhancing the progress of the evolvement of PRC's securities market. (For more biz stories, please visit Industry Updates) |
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