Editorial Summary

Hong Kong-listed red chip companies (Hong Kong-registered companies whose largest shareholder is the Chinese government) need to speed up their plans to list on the Shanghai Stock Exchange, reports China Securities Journal quoting Shanghai Stock Exchange vice general manager Liu Shi'an. Liu also urged attracting multinational corporations who have built successful businesses in China to list on the A-shares market to allow mainlanders to invest in overseas companies, said the report quoting Liu.

CITIC Group's real estate arm CITIC Properties plans to list on the Yuan-denominated A-share market in April or May 2008, reports China Securities Journal quoting CITIC Properties vice chairman Hu Donghai. China's largest publicly traded property developer, China Vanke Co., Ltd. (000002.SZ), hit 140 billion Yuan in market capitalization on Tuesday. CITIC Properties recorded 7.22 billion Yuan in revenue during 2006, according to the report.