Market to be open after WTO
1 January 2002
Laura Cha, vice chairwoman of the China Securities Regulatory Commission, revealed that China's domestic share market will be opened to foreign investors by allowing them to buy into funds investing in A-shares after China becomes a member of the World Trade Organisation. Market regulators have said that they would allow foreigners restricted access to the A-share market through a qualified foreign institutional investor scheme similar to one operating in Taiwan.
In a separate announcement, the foreign trade ministry said that foreign-invested firms can list on domestic stock exchanges provided the overseas shareholders retain at least 10 per cent stake in the firm after listing.