China lifts ban on share market listings

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Updated June 22, 2009 19:24:34

In another sign of confidence in China's economy, regulators there have lifted a nine month ban on companies making new stock market listings. A small pharmaceutical company has been given approval to list on the stock exchange and issue shares. The ban on so-called initial public offerings (IPOs) came after China's main stock market index lost 65 per cent last year. But it is one of the better performing global stock markets .

Presenter: Karon Snowdon, finance correspondent
Speaker: Manop Sangiambut, deputy head, China Research, CLSA, Shanghai

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