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To: RealMuLan who wrote (19132)	12/20/2004 7:26:34 PM
From: RealMuLan	Respond to of 116555

C-share market on the way (Xinhua) Updated: 2004-12-20 10:20 A new rule on non-circulation share transfer of listed companies has been released, paving the way for the development of the C-share market. The new rule, which takes effect on January 1st, 2005, stipulates that the non-circulation share transfer should be conducted only in the Shanghai and Shenzhen stock exchanges. And both sides should come to agreement through publicizing the transfer information; however, the bargaining process will not be publicized. Vice-minister of China's state asset watchdog Li Yizhong says current non-circulation share transfer is not a result of market functioning before the launch of the C-share market. chinadaily.com.cn