Financial, market and economic news

Shanghai maps out course to raise listed companies’ quality in a bid to burnish financial hub credentials

Shanghai will encourage local companies in fledging industries to list on the stock market, promote market-based mergers and acquisitions and streamline delisting mechanism, as China’s biggest commercial city seeks to improve the quality of publicly traded companies.Makers of integrated circuit, new-energy vehicles and high-end equipment as well as companies from the city that represent the new economy will be given priority for going public, according to a 17-point guideline promulgated on…

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