CHINA / 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.
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