Over The Counter in Tianjin
The South China Morning Post reports that Tianjin, already pushing the boundaries of cross-border stock trading activity, “is likely to be picked as a location for an over-the-counter equity bourse”.
The report suggests the bourse would be in the Binhai New Area, and that the plan from Tianjin is being coordinated by the powerful National Development Reform Commission. It is also noted that there have been calls for an exchange to deal with “companies that do not meet stock market listing requirements”.
It remains to be seen if all the “24 related ministries” will agree on how to proceed, but interesting times may lie ahead for Tianjin, and for investors.
See news sources:
South China Morning Post
Print copy, 1 October, 2007
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