Category: Money tips Release Date: 2007-07-28
New from the old to make the completion of China's third largest oil and gas producer CNOOC (0883.HK) to re-move from the "returnees" A stock idea. CNOOC Chairman Fu Chengyu said in Hong Kong recently, the company may be in the mainland stock markets, but a specific timetable for the listing is still kept secret.
Fu Chengyu was recently at a shareholder meeting in Hong Kong, told reporters after the end of the above message. He said, "When the conditions are ripe, we will market in the Mainland."
As also a leading blue chip companies, CNOOC when the return to A-share market has been much public concern. In the first half, Fu Chengyu, CNOOC revealed to the media on the possible "returnees" message, but when he said that this is not entirely decided by the enterprises themselves.
"All the overseas listed Chinese companies eventually have to return to A-share market. It depends on two factors: First, some procedures on the domestic market, improvement of two overseas-listed enterprises to accelerate the progress." Fu Chengyu said.
The CNOOC This revived the industry generally considered to be subject to double factors: on the one hand, the domestic share reform has been settled, new from the old has been completed, which gives such a blue-chip CNOOC Corps "returnees" provides a premise; On the other hand, Bank of China A-share market successfully landed the first gems to make even more convinced that CNOOC "returnees" This is the right path.
"CNOOC This high-quality company that 'returnees', basically there is no investors would refuse. Investors against only those packaged and reality garbage enterprises are listed. CNOOC and Bank of China, as is the return to investors cents The. "one senior analyst said.
In fact, apart from CNOOC, the China National Petroleum, China's aluminum has recently indicated a strong "returnees" will.
Prior to this, SSE's first "Market Quality Report" has been revealed that the number of domestic listed companies and circulation of capital less, particularly the lack of a large number of large companies, small markets. Bank of China took the lead, "returnees", not only conducive to A-share market and stable operation of high-quality blue chips led to the return will be to attract more large domestic A-share listed companies choose to effectively improve the overall quality of A-share market.
