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China Regulator Approves Plan to Overhaul Share Ownership


Photographer: Wang Zhao/AFP via Getty Images

China’s stock regulators say they will remove a limit on the public float of mainland companies listed in Hong Kong -- a change that would shake up the ownership structures of some of the nation’s biggest firms.

The China Securities Regulatory Commission said in a statement on Friday evening that qualified companies listed or planning an initial public offering in the city can apply for “full circulation” of their shares. The change requires regulatory approval, it added.