TIANJIN may defeat other competitors and secure a permit to run China's third stock exchange this year, according to China securities analysts.
China Securities Regulatory Commission chairman Liu Hongru said in New York on January 14 that China was now studying the possibility of opening up additional stock exchanges in the northern part of the country.
He said the commission was ''examining and studying'' how it could learn from the establishment of the two stock exchanges in the south and increase the number of stock exchanges in China.
''As the financial reform tops the country's policy agenda this year, I heard in Beijing last month that China was likely to open a third stock exchange this year,'' said Fang Zhenmin, lecturer in the department of economics and finance, at City Polytechnic.
''Tianjin as the financial centre in the north should be in the best position to win the bid,'' said Mr Fang.
China's two stock exchanges are located in the southern part of the country. The Shanghai stock exchange was set up in late 1991 and Shenzhen in early 1991.
