Gold Mining in the B-share Market

Author: Gu Qing
Publisher:
Publish Date: 2001-05-01
Features: This book adheres to an objective and cautious principle, conducts an in-depth analysis of the fundamentals of the B-share market, and comprehensively and profoundly examines the prospects of the B-share market. It focuses on researching the medium-to-long-term trends of the B-share market and the individual stock opportunities within it. The viewpoints are unique and novel, the content is practical, and it holds strong operational guidance significance for B-share investors.
The B-share market in China was established in 1992. Over the past decade, the B-share market has experienced storms and twists. Today, ten years later, the B-share market has finally seen the rainbow and has completed a corrective rise with a brisk and sharp upward trend. Looking back at the development of the B-share market, we see that policy factors have always been the driving force behind its ups and downs. However, analyzing the recent changes in the fundamental and policy aspects of the B-share market, we find that two policy messages have the most profound and far-reaching impact on the future existence and operation of the B-share market:
First, on December 2, 2000, Dr. Zhou Xiaochuan, Chairman of the China Securities Regulatory Commission, stated at the "2000 China Listed Companies Achievements Expo Symposium" that the China Securities Regulatory Commission is determined to actively and properly resolve the two historical legacy issues of the dual-track operation of the A-share and B-share markets and the non-tradable status of state-owned legal person shares. This was the first time the management clearly defined the B-share market as a historical legacy issue.
Second, on February 19, 2001, China's B-share market opened to domestic residents with legal foreign currency holdings.