http://blogs.reuters.com/great-debate/2009/05/20/time-for-china-to-act-on-foreign-listings/ Just another blogs.reuters.com weblog Fri, 27 Nov 2009 19:21:22 +0000 http://wordpress.org/?v=2.6.2 http://blogs.reuters.com/great-debate/2009/05/20/time-for-china-to-act-on-foreign-listings/#comment-15482 Arturo Wed, 27 May 2009 17:05:25 +0000 http://blogs.reuters.com/great-debate/?p=3631#comment-15482 China exchanges are for yuan-denominated listings of public enterprises. But it is not certain if foreign firms opting for such listing would be able to convert Renminbi outside China, unless yuan is a free and reserve currency. At status quo, opening up foreign listings largely benefits foreign companies that have direct biz in China or Hong Kong. It is absurd for say AMR to raise yuan in Shanghai and bring yuan home to finance rail transport. China exchanges are for yuan-denominated listings of
public enterprises. But it is not certain if foreign
firms opting for such listing would be able to convert
Renminbi outside China, unless yuan is a free and
reserve currency. At status quo, opening up foreign
listings largely benefits foreign companies that have
direct biz in China or Hong Kong. It is absurd for say
AMR to raise yuan in Shanghai and bring yuan home to
finance rail transport.

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