TNAG-2792-FCO40-4031-Relations-between-Hong-Kong-and-China-1993 — Page 132

CONFIDENTIAL

2

Notes :

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Only

public-held shares are

allowed to be traded in the two main stock exchanges i.e.

the Shanghai and Shenzhen Exchanges. Legal person shares are allowed to be traded only in those markets set up exclusively for such shares.

B

for international investors

H

for trading in Hong Kong Stock Exchange

(*)

Effective from 2 August 1993, all enterprises with legal entity status can issue Renminbi non-financial bonds in China under the "Enterprises Bonds

Management Regulations" subject

proper

approval individually as well as an annual quota on the overall number of issues set by the State Planning Commission together with PBOC, MOF and the State Council Securities Policy Committee.

(+) The

on

to

Shanghai Stock Exchange announced

August 1993

10

that

for

enterprises listed in 1993 or after, their legal person shares and internal staff shares can be traded on the Exchange after listing of their public-held shares.

1/2

years of

GF 323

CONFIDENTIAL

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