As it became insolvent, the SZSE marked its shares with *ST on May 5, 2008 to warn investors of the risk of its delistmg.
347) [2008-046) [TEXT NOT REPRODUCIBLE IN ASCII] [Announcement of S*ST Tianfa on the Approval by the SZSE of the Application for Relisting of the Company], Cninfo (May 13, 2008), http://www.
Chart 1: Number of Listed Companies Involved in Reorganization Cases in China from 2007-2017 SZSE SHSE Total Numbers of LCs who entered 31 20 51 reorganization process Reorganization process terminated and implementation finished 31 18 49 Reorganization plan under 0 1 1 implementation Reorganization plan under drafting 0 1 1 Source: Public Announcements of Reorganization of Listed Companies as of February, 2017).
Month SHSE A SHSE B SZSE
B January 5 6 5 5 Mean 0.
We chose SHSE and SZSE
A-share indexes as the market portfolio for A-share companies in these two markets, respectively.
A tie-up with SZSE
is envisioned to establish a cross-border trading linkage or 'Shenzhen Connect.
As of May 1999, there are more than 900 companies listed on SHSE and SZSE, and 80 of them issued both A shares and B shares.
The reorganized date refers to the date that the Chinese government allowed the State-owned enterprise to reorganize as a corporate limited company, and the listing date is the date that its stocks are first offered at the SHSE or SZSE.
Part of the prospective tie-up is for SZSE to acquire shares in the PSE but this should be no more than 5 percent as mandated by local securities law as the ownership cap for any single investor in a local bourse, Monzon said.
After the SharePHIL forum, Monzon said talks with SZSE were 'very preliminary' but he noted that since 2009, the PSE has had a memorandum of understanding (MOU) with SZSE to create a trading linkage.
Jiang Jianren, Chairman of China Investment Information Services Ltd and Head of the SHSE Liaison Office in Hong Kong, and Mao Zhirong, Director of the SZSE
Office of Hong Kong, Macau and Taiwan Affairs and Director of SZSE
s Financial Innovation Lab, were appointed the Hong Kong-based JV s Joint Chairmen.