CBEX Approved to become Central Enterprise Capital Increase Equity Exchange Institution
The General Office of the State-Owned Assets Supervision and Administration Commission of the State Council recently issued a document titled “Notice on Promulgating Engaging in Central Enterprise Capital Increase Equity Exchange Institution” defining China Beijing Equity Exchange (CBEX) and Shanghai United Assets and Equity Exchange to engage in Central Enterprise Capital Increase Business. This is another important central enterprise business qualification CBEX gets following central enterprise proper right transfer and asset transfer business qualification. It will greatly expand CBEX business space, elevate CBEX market function and influence as a new type of capital market platform. Since after the promulgation of Decree No. 32 was released, 13 items of capital increase or share expansion have entered CBEX with a proposed increasing amount of CNY 49.8 billion. Twelve of the 13 businesses central enterprises have entered were all operated via CBEX; the thirteenth was entered by one municipal state-owned company.
(Contributed by China Beijing Equity Exchange)