Biz News Flash

Int'l board to be yuan-focused

(China Daily)
Updated: 2011-05-18 13:21

Trading on the long-awaited international board in Shanghai will be denominated in yuan, said an official with the China Securities Regulatory Commission on Tuesday.

The comment overturns earlier media reports that the board, which will allow foreign companies to list on a Chinese stock market, might be denominated in US dollars.