Reuters first to report China considers new bourse to attract overseas-listed firms

Reuters was first to report that China is considering establishing a stock exchange to attract overseas-listed firms and bolster the global status of its onshore share markets. The country’s State Council has asked the top securities regulator to lead studies on how to design the exchange that would target Chinese firms listed in offshore markets such as Hong Kong and the United States. The government hopes the initiative would also lure marquee global firms such as Apple Inc and Tesla Inc, which would have the option of carving out local businesses and listing them on the new bourse, a Reuters source said.