Deals
China ‘Basically Ready’ to Allow Foreign Firms to Sell Stock
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The Shanghai Stock Exchange said it’s “basically ready” to let foreign issuers sell stock, paving the way for companies from HSBC Holdings Plc to Coca-Cola Co. to list in the world’s second-biggest equity market.
Trading should start “as soon as possible when the time is ripe,” Xu Ming, executive vice president in charge of the international stocks board, said in a Nov. 11 interview at the exchange. While there’s no timetable, the exchange has finished work on technological and regulatory requirements, Xu said.