Shenzhen Stock Exchange (SZSE) and Shanghai Stock Exchange (SSE) today issued a circular, stipulating that the stocks not implementing the share reform would be included into the special trading board, the S board, as of January 8, 2007, upon approval from China Securities Regulatory Commission (CSRC).
In addition, the S board will implement the differentiated system arrangements, of which the rise and fall range of the share prices will be adjusted to 5%.
Until January 4, 2007, 1303 companies listed on Shenzhen and Shanghai Stock Exchanges have completed or are undergoing the share reform, 97.02 of the total companies amount, representing 98.55% of the total market value, of which 1143 companies have completed the share reform. At present, 40 listed companies have not entered the share reform because of different reasons.
