On October 9, the Bank of Beijing confirmed in an announcement
that it already had 84 juvenile shareholders before issuing initial
public offerings (IPO) this year.
But the bank noted that there is no need to deal with the shares
held by these young people because there are no laws or regulations
that prohibit juveniles from holding shares.
Professor Liu Jipeng, a capital market expert from the China
University of Political Science and Law, said that it is not normal
for a listed company to have so many juvenile shareholders. This
kind of situation is not only very risky to these young
shareholders but also for the bank, Liu warned.?
For more details, please read the full story in Chinese. (
http://www.thebeijingnews.com/news/beijing/2007/10-10/014@074425.htm)
(China.org.cn October 10, 2007)
