Relevant listed companies are required to follow the English version of “Rules Governing the Listing of Stocks on Shanghai Stock Exchange (Revised in 2008)” (the Rules), released by the Shanghai Stock Exchange (SSE). This is another initiative by the SSE to bolster the building of Shanghai into an international financial center.
According to an SSE notice on the issue, the initiative aims to urge the listed companies’ foreign directors and senior management as well as their overseas shareholders to strictly observe the Rules. In case of any discrepancy between the English and the Chinese versions, the Chinese one shall prevail.
An SSE official said that the new initiative, a material measure for propping up the construction of Shanghai into an international financial center, also aims to provide a better service for companies listed simultaneously on several markets in addition to the Shanghai market as well as the overseas investors by facilitating their understanding of relevant regulatory rules of the SSE.
Source: SSE Shanghai Stock Exchange, 10.04.2009
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