CHINA / Backgrounder
A shares
Updated: 2006-09-26 09:54
In finance the term A share has two distinct meanings, both relating to
securities. The first is a designation for a "class" of common or
preferred stock. A shares of common or preferred stock typically have
enhanced voting rights or other benefits compared to the other forms of
shares that may have been created. The equity structure, or how many
types of shares are offered, is determined by the corporate charter.
In China, A shares are those in Chinese companies issued in China under
Chinese law. They are denominated in Chinese currency, the renminbi, and
are listed on the Shanghai or Shenzhen stock exchanges. Currently, only
Chinese residents of China may trade the 776 companies listed in
Shanghai, and the 489 companies listed in Shenzhen.
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