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SHANGHAI BOURSE TO LAUNCH WARRANTS.

Publication: AsiaPulse News
Publication Date: 14-JUN-05
Format: Online - approximately 609 words
Delivery: Immediate Online Access

Article Excerpt
SHANGHAI, June 14 Asia Pulse - Shanghai Stock Exchange, one of Chinas two bourses together with Shenzhen Stock Exchange, is working on a scheme to launch warrants so as to provide a tool for the on-going split share structure reform.

The bourse released a draft rule on administration of warrant business on June 13 for soliciting public opinions on revisions.

According to the draft rule, if the object security of a warrant is a stock, the said stock should comply, among others, with the following requirements: the market value of...

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