Shanghai urged to act now on international board
The city must seize this window of opportunity to let foreign firms sell RMB-denominated shares given the macroeconomic backdrop, the bourse’s Hu Ruyin tells AsianInvestor.
The time is right for the Shanghai Stock Exchange to launch an international board allowing foreign firms to sell RMB-denominated shares, says director of its research centre, Hu Ruyin.
The idea was floated in 2009, although officials have yet to provide detail on the plans. But in an interview with AsianInvestor, Hu says it’s becoming urgent that authorities act now given the macroeconomic backdrop, with the renminbi appreciating and high domestic liquidity.
“Shanghai has set a…
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