China's international board will be yuan-dominated, but there is no date set yet for its launch, the Shanghai Securities News reported.
It depends on the technological preparation from the Shanghai Stock Exchange, and on rules and regulations designed by the China Securities Regulatory Commission, said Wan Jianjun, an official with the commission.
It also relies on social consensus. Wan said doubts and misunderstanding about the international board still exist in China's society, which needs further explanations about it from the securities watchdog and the stock exchange .
The Shanghai bourse is preparing to let qualified overseas companies sell yuan-backed A shares on the proposed board. HSBC Holdings PLC, Europe's biggest bank by market value, expects to raise a significant amount of funds from its listing on the international board in Shanghai, media reported.
