The Bank of East Asia (China) Limited (BEA China) plans to be the first foreign venture listed in A-share market and has formed a special team to prepare the listing, revealed Chan Kay-cheung, vice chairman of the board, during the opening ceremony of the BEA China's Nanjing branch on December 27. The bank is now still waiting for all relevant official regulations to come out, Mr. Chan added.
During the Third China-US Strategic Economic Dialogue held earlier this month, an important agreement was reached that allowed qualified foreign-funded investment companies to issue RMB-dominated shares.
For more details, please read the full story in Chinese. (http://www.dfdaily.com/node2/node27/node121/userobject1ai49034.shtml)
(China.org.cn December 28, 2007)
