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 DEVELOPMENT OF CHINA'S INDUSTRY |
| 2006 is a remarkable year to Chinese Securities Market. It is a year to transition, to review the past and start a new age. In this year, not only A-share market ended five-year long Bear Markets, but also the fundamental mechanism problem which had blocked securities market development was solved--- reform of share structure. |
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| STATUS OF FOREIGN INVESTMENT |
| Till 11th, Dec, 2006, China has already permitted 8 joint venture securities companies to set up. China International Capital Corporation Limited £¨CICC£©, Changjiang BNP Paribas Peregrine Securities Ltd, Goldman Sachs Gaohua Securities Ltd and UBS Securities are representatives for joint venture securities companies in various ages. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| Upon accession, representative offices in China of foreign securities institutions may become Special Members of all Chinese stock exchanges. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| In the end of 2006, the stock market value in New York Stock Exchange rose 15.9% year-on-year growth to 15.4 trillion US dollars, ranking the No.1 around the world. The next one is Tokyo Securities Exchange with 1.9% year-on-year growth to 4.6 trillion US dollars. |
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