B-share (mainland China)
B shares (Chinese: B股, officially Domestically Listed Foreign Investment Shares) on the Shanghai and Shenzhen stock exchanges refers to those that are traded in foreign currencies. Shares that are traded on the two mainland Chinese stock exchanges in Renminbi, the currency in mainland China, are called A shares.
History
B shares were limited to foreign investment until 19 February 2001, when the China Securities Regulatory Commission began permitting the exchange of B shares via the secondary market to domestic citizens.[1]
Currency
The face values of B shares are set in Renminbi. In Shanghai B shares are traded in US dollar, whereas in Shenzhen they are traded in Hong Kong dollar.
See also
References
- ↑ "What are "B shares"?". Lehman, Lee & Xu. Archived from the original on 2011-03-28. Retrieved 2011-03-28.
External links
This article is issued from Wikipedia - version of the Tuesday, July 14, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.