The Shanghai and Shenzhen stock exchanges have reached a preliminary agreement on how to deal with companies who apply to be listed on both of the two exchanges, the EO learned.
The cash-strapped Central Huijin Investment Company, the domestic investment subsidiary of China's sovereign wealth fund - China Investment Corporation, is likely to issue yuan-denominated bonds.
China is planning to establish a Financial Supervision Coordination Commission (FSCC) to monitor large financial players who are involved in the securities, insurance and banking sectors.
China Securities Regulatory Commission (CSRC), China's top securities regulator, is preparing to establish an association of listed companies, various sources from the CSRC, listed companies and stock brokers revealed to the EO.
Ping An Insurance (Group) Company of China, Ltd has reportedly received approval from the State Council to acquire a 30 percent stake in Shenzhen Development Bank (SDB).
Major reforms to China's financial system are set to be introduced over coming months with the country's securities watchdog finally giving approval for trading to begin on the country's first stock index futures exchange and securities companies also bei