Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1856)	12/10/2003 12:34:40 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China pressed to relax market rules By Francesco Guerrera in Hong Kong Published: December 9 2003 21:49 \| Last Updated: December 9 2003 21:49 Wall Street investment banks have stepped up their lobbying of the Chinese authorities in an attempt to gain entry to the country's fast-growing stock markets without local partners. In a series of recent visits to Beijing, senior executives from US and European companies have put pressure on policy makers to relax rules that restrict investment banks to minority stakes in joint ventures with domestic securities houses. "Everybody is lobbying: our competitors have been lobbying, we have been lobbying for a long time," said a senior executive at a large investment bank, who declined to be named. "It is not a matter of lobbying any more, [the Chinese authorities] know what we want". Executives from other investments banks echoed the comments, although none of them wanted to be identified. The campaign is a sign of the growing importance of China's domestic stocks - A shares - to international investments banks, which have traditionally focused on overseas listings of large Chinese companies. news.ft.com