TNAG-2792-FCO40-4031-Relations-between-Hong-Kong-and-China-1993 — Page 110

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25.

A summary

of the securities issued in China over

the past decade is given in the following table:

Securities issued in China

Total amount of securities issued

Rmb Bn

381.7

during 1981-1992

++

Turnover in organised markets

in 1992

104.4

Public organised markets

Numbers listed

(as at mid-August 1993)

A shares

B shares

*

H shares

Bonds

Warrants

Convertible bonds

Market capitalisation

(Rmb Bn as at end-May 1993)

Notes:

(+)

Shanghai

Shenzhen

Total

3 1

34

12

424

39

73

18

30

4

LAA

4

1

1

1

1

113

176.6

141.1

317.7

For details of the major types of

securities

issued

in China, see

Annex II.

(++)

admitted.

Some of the markets are confined only to institutions and individuals are not A major example is the Securities Trading Automated Quotation System, which is

a computer-based over-the-counter securities trading and clearing system where both legal person shares and other securities are traded. In addition, there are exchanges for trading in bonds only e.g. in Tianjin, Wuhan and Chengdu.

(*) Listed on the Hong Kong Stock Exchange.

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