Comments on: Time for China to act on foreign listings Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: Arturo Wed, 27 May 2009 17:05:25 +0000 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.