The Rules Of The International Board Have Been Initially Formulated &Nbsp, Aiming At The Top 500 Enterprises In The World.

Authorities said recently that

The person said that there are different views on the qualifications of the issuers of the international board, such as the issuer has been abroad.

He said that in all aspects of the view, the relevant departments believe that the international board of listed companies, at least should be the world's top 500 enterprises.

The source said that after the launch of the international board, whether the domestic and foreign shares could be freely converted, the China Securities Regulatory Commission and the Hongkong regulatory authorities had done in-depth discussions.

Generally speaking, if domestic and foreign shares are to be freely converted, two prerequisites are required. One is that RMB can be freely convertible, and the other two is residents' cross border investment.

For example, if investors want to convert domestic Renminbi stocks into red chips, they need to have stock accounts overseas, otherwise they will not be able to convert.

Because these two prerequisites are not available, we can only adopt the way of capital conversion at the present stage, instead of the direct conversion of stocks.