That the B shares may be merged into A shares is a main reason for the index to rise. |
The authorities are trying to prod local banks by promoting broader participation of foreign players in the market. |
The move, by lowering the threshold for small shareholders, is aiming to provide more opportunities for overseas non-financial institutions and their holding companies to invest in securities. |
The new rules give listed companies more flexibility. The share incentives will stimulate the firms' efficiency and management. |
We need to promote competition, which will benefit the Chinese banking sector over the long haul. |