Premier
Li Keqiang mentioned in the government work report that the
Shenzhen-Hong Kong Stock Connect will be launched in due course.
Meanwhile, the chairman of China Securities Regulatory Commission (CSRS)
Xiao Gang expected the Stock Connect to be approved in the first half
of 2015. CSRC will hold a press conference announcing the details of
SZ-HK Stock Connect in Beijing on Sunday, Nanfang Daily reported,
quoting the response from Shenzhen Stock Exchange. An in-depth
explanation on the above work progress will be given by that time.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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