More State-owned assets to be listed in Shanghai

More State-owned companies or their main assets are to be listed in Shanghai to improve the system used to manage listed companies, according to a press conference held by the State-owned Assets Supervision and Administration Commission of the Shanghai Municipal Government on Wednesday.

Figures released in the conference showed the commission listed H-shares of Haitong International Securities Group Ltd and the Growth Enterprises Market board of Shanghai Huahong Jitong Smart System Co Ltd. It also completed the non-public offering of Shanghai Jiao Yun Co Ltd. That offering raised more than 15 billion yuan ($2.4 billion) and involved assets worth more than 7.8 billion yuan.