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Shenzhen Stock Exchange - Experts: Early Bird Catches The Worm On The New Market

Date 30/07/2009

As the CSRC has received 108 companies’ applications for listing on the New Market, market insiders predicted that the trading of shares on the New Market of Shenzhen Stock Exchange may start in late October, and the issuance and subscription issues may start in early October. Securities companies called for investors who had interest to deal with account open procedures as early as possible, so as to avoid the crowd condition in October.

According to the feedbacks from securities companies, most of them paid great attentions to the account open for the New Market and have made sufficient preparation work. They generally expressed that, according to the current account open progress, there was not plenty of time left for opening account for the New Market. They hoped investors who had interest in not to wait until October and to open accounts for the New Market as soon as possible. Meanwhile, most securities companies also prepared backup plans, including adding staffs, re-arranging business, reserving orders for account open and preparing training classes, and so on.