A red-chip company shares are expected to return to ice.

<P> Http:// News: As the main red-chip companies listed overseas, from a legal perspective, neither in the territory of foreign companies issue shares, but not to the Shanghai Stock Exchange, Shenzhen Stock Exchange. .Therefore, such enterprises there has been a return of A shares of the legal obstacles, including China Merchants (0144.HK), China Travel, China Resources Land (1109.HK), several early red chips listed in Hong Kong enterprises, has not .A stock with a successful return to the precedent. </ P> <P> as a Hong Kong-listed red chip companies, China United Telecommunications Corporation (0762.HK) In 2002, China Unicom was established in the territory, issued by the latter .A shares. .However, according to China Unicom was disclosed in the prospectus, its Hong Kong listed companies and listed companies is the relationship between controlling shareholders, rather than listing the same subject. .Therefore, China Unicom issued A shares, and can not be seen as a real return. .</ P> <P> for China Mobile Communications Group (0941.HK), China National Offshore Oil Corporation (0883.HK) two red-chip enterprises, China Unicom, if we simply follow the above model, and can not be completely .to realize their desire to return to A shares. .</ P> <P> China Mobile Hong Kong spokesman for the storm to the "Financial Times" that, in fact, China Mobile for a long time, has been hoping to return to domestic capital markets. .And at least two years ago, China Mobile had the A shares listed on the application submitted to the China Securities Regulatory Commission. .Thunderstorm said China Mobile's users are in the country, the Group has been hoped to operate the enterprise and domestic investors to share the results. ."If China Mobile's users to become investors in the same time, this company would be a good thing." </ P> <P> and red-chip China Mobile also have the identity as well CNOOC, although .CNOOC also want to return to the A shares, due to legal obstacles, they will be A-share listed has not yet submitted an application to the CSRC. ."We think that the red chips listed first solve the legal obstacles, and procedures for submitting the application is only just." CNOOC Director of Information Services, said Liu Jun Shan. .</ P> <P> in the recent financial work conference held in Shanghai, the Shanghai Stock Exchange Chairman Geng Liang pointed out that capital market development in order to speed up Shanghai, the Shanghai Stock Exchange will focus on work from six aspects, which .One is to speed up the development of blue chip market for red-chip companies in the near future to attract direct listing in the Shanghai stock market. .This news, for both China Mobile and CNOOC plans to return to A shares of red-chip state-owned enterprises, is undoubtedly a major positive. .</ P> <P> but an unnamed industry, which also expressed some concerns. .That person that the SSE's attitude in a way representative of the true meaning of China Securities Regulatory Commission, or of the legal system can change to have much impact, and now it seems uncertain. .</ P> <P> but at least, the SSE's position has opened the return of red chips A stock tip of the iceberg. .</ P> <P> </ P>.