BIZCHINA / Backgrounder
B shares
Updated: 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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