The CSRC's Chinese Securities Regulatory Commission special advisor believes that the State Council is waiting for global economic conditions to stabilize before announcing the launch date of the Shenzhen-based board, popularly dubbed the Growth Enterprise Board.
He also says that the government wants to be satisfied that, The CSRC is basically on top of its work regarding regulation. I don't anticipate an announcement until we are nearer the time of the State Council's annual financial sector review meeting, presently slated to take place in November.
A true second board will be some time in coming, but some progress has been made, he adds. An amendment to the Companies Law in December 1999 allows...
