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皇冠体育app's firms raise $113.8b by overseas listing

(Xinhua)
Updated: 2009-10-05 15:05

By the end of last July, 皇冠体育app's domestic enterprises had raised $113.8 billion through listing their shares on overseas bourses, 皇冠体育app's top securities regulator said Monday.

Statistics from the 皇冠体育app Securities Regulatory Commission (CSRC) showed 154 Chinese enterprises had started initial public offering overseas by the end of last July.

Tsingtao Brewery Corporation started listing H-shares on the Hong Kong bourse in June 1993, becoming 皇冠体育app's first firm to list outside the mainland.

Related readings: 皇冠体育app Re-eyes IPO in bid for global market Chinese firms rush to jump on IPO bandwagon 皇冠体育app to allow foreign-invested companies to list 皇冠体育app's Tsingtao Brewery net profit up 68% in H1

Meanwhile, 皇冠体育app opened up its capital market to foreign investors by launching qualified foreign institutional investors.

By the end of July, 皇冠体育app had approved nine Sino-foreign securities ventures, 33 joint venture fund management companies, 113 foreign securities institutions and 38 foreign assets management companies, according to CSRC.

皇冠体育app is also considering allowing high-quality overseas firms to list in 皇冠体育app in an effort to stabilize foreign direct investment, Vice Minister of Commerce Chen Jian said in July.