China to let foreign firms list on stock exchange
LONDON |
LONDON May 11 (Reuters) - China said on Monday it would allow foreign companies to list shares on its stock market.
"China agrees to allow qualified foreign companies, including UK companies, to list on its stock exchange through issuing shares or depository receipts in accordance with relevant prudential regulations," it said in a joint statement with Britain.
The statement followed talks between British finance minister Alistair Darling and a Chinese delegation headed by vice-premier Wang Qishan.
Britain and China also urged the International Monetary Fund and World Bank to expedite structural reform. (Reporting by Matt Falloon and Daisy Ku)
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