B Share

BUSINESS TERMS

A shares and B shares : Initially, trading in A shares was restricted to domestic investors only, while B shares were available to both domestic and foreign investors.

Wednesday, 23 May, 2007, 12:00am

B shares jump on fresh rumours of markets merger

Foreign currency-denominated Bshares yesterday jumped in Shanghai and Shenzhen on renewed speculation that the markets soon would be merged with their larger yuan-denominated A-share counterparts.

The Shanghai B-Share Index surged 7.19 per cent to close at 152.676 points while the Shenzhen B-Share Index rose 3.91 per cent to 479.737 points.

12 Jan 2007 - 12:00am

B shares regain state focus

China's top economic planner has issued a white paper encouraging firms to seek B and H-share listings, a move seen as signalling Beijing's renewed interest in the tiny hard-currency markets.

16 May 2002 - 12:00am

Hope for cash-strapped H shares

Beijing's recent decision to ease listing rules for H-share and B-share companies has revived hope for the cash-strapped firms, which have been struggling recently because of sliding stock prices.

16 Jul 2000 - 12:00am

Mansion House in B-share venture

Mansion House has lined up two partners to help it launch venture-fund products and an Internet-trading service for mainland B shares in Hong Kong.

The companies are Beijing-based China Securities and Sichuan International Trust & Investment Corp (Sitic).

6 Jul 2000 - 12:00am

Nanjing Panda a lure for banker

Morgan Stanley Dean Witter owns 31.74 million Nanjing Panda Electronics H shares, according to Hong Kong Exchange and Clearing.

The holding gives the United States investment bank about 13 per cent of the company's H shares, or about 4.8 per cent of the company's total share capital.

23 May 2000 - 12:00am

Dealers wary of new share offers

Mainland share prices closed lower yesterday on concerns over increased fund-raising activities following the launch of two additional initial public offerings.

Although there had generally only been two IPO launches each week, there have been four this week, dealers said, noting Zhejiang Jinying yesterday announced the launch of a 45 million A-share offer.

13 Apr 2000 - 12:00am

Mainland plays dive on Nato backlash

Mainland shares saw one of their biggest daily falls this year yesterday, triggered by Beijing's propaganda war against the Nato bombing of its Belgrade embassy at the weekend.

The Shanghai A-Share Index dived 4.32 per cent to 1,139.566 points, the lowest level in more than three months.

11 May 1999 - 12:00am

No relief seen for B shares

The mainland's B shares are expected to continue to struggle next year after a disappointing year.

B shares have fallen 49 per cent this year, with average daily turnover on the Shanghai and Shenzhen markets shrinking to about US$3 million to $4 million, compared with about $10 million a year ago.

31 Dec 1998 - 12:00am

B shares

China remains the only communist country in the world to create stock exchanges. However, Beijing's often-contradictory approach to their development has created a government-mandated hierarchy that favours some kinds of shareholders over others.

12 Nov 1998 - 12:00am

B-share indices hit fresh lows

Shanghai's B shares dropped to a fresh record low yesterday on a lack of follow-through buying to support an early rebound, analysts said. The B-Share Index lost 0.39 per cent to close at 30.545 points for the seventh consecutive record low finish. Shenzhen's B-Share Index also dropped, losing 1.24 per cent to close the session at 62.96 points.

31 Jul 1998 - 12:00am

Nervous J&A clients bail out

Confidence in People's Liberation Army-backed brokerage J&A Securities has started to wane, with clients cancelling accounts and withdrawing shares in reaction to an alleged financial scandal involving four of its most senior executives.

17 Jul 1998 - 12:00am

Jilin Hongyuan seeks flotation

Jilin Hongyuan Oil Development has applied to the China Securities Regulatory Commission for its initial B-share listing in Shenzhen next month, sources said. Amid cautious market sentiment, the flotation - the first B-share issue by an oil company - is expected to entail a global roadshow for the sale of 246 million B shares.

22 May 1998 - 12:00am

Jinzhou Harbour Co

Jinzhou Harbour Co plans to raise US$21 million from a B-share listing on the Shanghai exchange this month - the first B-share primary offering in Shanghai this year.

The company will issue 100 million B shares through an international placement, at 21 US cents each.

The price represents a price earnings ratio of 5.8 times.

4 May 1998 - 12:00am

Dalian Refrigeration dives in trade debut

Dalian Refrigeration's B shares plunged on its trading debut yesterday, underscoring investors reluctance towards mainland stocks following the region's financial turmoil.

It was the first B-share listing this year.

Traders said the Shenzhen stock traded below its issue price in the first hour of trading on heavy overseas selling.

21 Mar 1998 - 12:00am

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