A challenging development for the international financial markets after the financial accord has been between UK and China on 11 May 2009, the UK company are allowed to get listed in Shanghai Stock Exchange by issuing shares or bond . This is the first step for Shanghai towards making the city as a financial centre to match Hong Kong, London and New York.

The aggressive measures for Shanghai to become the International Financial Centre include

1. Allow British companies listed in China A share

2. Push China's foreign invested companies listed in China A share

3. Push Hong Kong's listed companies ( Red Chips ) listed in China A share

4. Allow Foreign companies ( HSBC and East Asia Banks issue corporate bonds in 2009) to issue corporate bonds in China A markets.

The responses from the multinationals are highly encouraging. The push should be attractive to the cash-trapped foreign enterprises, to raise RMB capital to finance their domestic and oversea operations.

While mapping this trend of Shanghai as the International Financial Centre in China, the western trained CFOs are used to be excellent of identifying the trends. We would be delighted to evaluate together the trend of 'Shangkong' as terms developed by Yale Prof. Jeffrey Garten in Financial Times of 10 May 2009 ( http://www.ft.com/cms/s/0/dfbd55ea-3d8c-11de-a85e-00144feabdc0.html ).

We wish to share the exciting opportunities among professionals and entrepreneurs on the challenging opportunities for raising funds in Mainland China. « less