Jenina Ibañez · · 1 min readMorgan Stanley official suggests opening foreign listings board in China
The head of Morgan Stanley Securities has suggested that China approve an international board that would enable foreign businesses and off-shore listed Chinese companies to list locally, according to a Reuters report citing local news.
Jing Qian, CEO of Morgan Stanley Securities China, said in an interview with Shanghai Securities News that there is a growing demand for an international board as China opens up its capital markets. As more foreign companies list in China, competition would improve and domestic investors would have more opportunities, he added.
In the same interview, Reuters said Qian proposed that China also lower the IPO profitability requirements imposed on tech companies and startups.
Several US-listed Chinese companies have set up secondary listings in Hong Kong. These firms fear that audit-related tensions between the US and China could stop them from continuing to trade securities in the former market.
The Shanghai Stock Exchange previously considered creating an international board, but plans did not push through.
See also: These are the most active investors in China’s startups
Editing by Miguel Cordon and Lorenzo Kyle Subido
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