(Reuters) - China is considering establishing a stock exchange to attract overseas-listed firms and bolster the global status of its onshore share markets, two people with knowledge of the matter told Reuters. The country's State Council has asked the top securities regulator to lead studies on how to design the exchange that would target Chinese firms listed in offshore markets such as Hong Kong and the US, said the people. The government hopes the initiative would also lure marquee global firms such as APPLE and TESIA, which would have the option of carving out local businesses and listing them on the new bourse, one of the people said. The plan comes as Beijing and Washington remain locked in a rivalry that has featured moves by the US securities regulator toward expelling Chinese companies from US exchanges if they do not comply with US auditing standards.
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