Designed to allow overseas companies to list shares on China's major stock exchange, Shanghai's highly anticipated international trading board is being heralded as a way to provide a powerful lift to the country's equity markets in the year of the tiger, but it is turning into a paper tiger, experts say.
The planned board, which has been under discussion for years without tangible progress, was brought into the spotlight again last summer after government officials revealed the Chinese authorities' determination to launch it. However, key issues such as share sale limits, the use of funds raised through share sales, accounting standards, and listing requirements remain unresolved.
Companies aiming for the international board first need ...
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