Identifier
Created
Classification
Origin
07SHANGHAI250
2007-04-26 09:02:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Consulate Shanghai
Cable title:
CSRC ISSUES DRAFT REGS FOR NYSE/NASDAQ REP OFFICES
how-toVZCZCXRO7726 RR RUEHCN RUEHGH DE RUEHGH #0250/01 1160902 ZNR UUUUU ZZH R 260902Z APR 07 FM AMCONSUL SHANGHAI TO RUEHC/SECSTATE WASHDC 5754 INFO RUEHBJ/AMEMBASSY BEIJING 1017 RUEHCN/AMCONSUL CHENGDU 0591 RUEHGZ/AMCONSUL GUANGZHOU 0572 RUEHHK/AMCONSUL HONG KONG 0698 RUEHIN/AIT TAIPEI 0472 RUCPDOC/DEPT OF COMMERCE WASHINGTON DC RUEATRS/DEPT OF TREASURY WASHINGTON DC RHEHNSC/WHITE HOUSE NATIONAL SECURITY COUNCIL WASHINGTON DC RUEHGH/AMCONSUL SHANGHAI 6144
UNCLAS SECTION 01 OF 02 SHANGHAI 000250
SIPDIS
SENSITIVE
SIPDIS
STATE FOR EAP/CM. EEB
STATE PASS FEDERAL RESERVE BOARD FOR JOHNSON/SCHINDLER; SAN
FRANCISCO FRB FOR CURRAN/GLICK/LUNG; NEW YORK FRB FOR
CLARK/CRYSTAL/MOSELEY
STATE PASS CFTC FOR OIA/GORLICK
STATE PASS USTR FOR STATFORD, WINTERS, CELICO,
CEA FOR BLOCK
USDOC FOR ITA/MAC DAS KASOFF, MELCHER AND OCEA/MCQUEEN
TREASURY FOR AMB.HOLMER, WRIGHT AND TSMITH
TREASURY FOR OASIA - DOHNER/HAARSAGER/CUSHMAN
TREASURY FOR IMFP - SOBEL/MOGHTADER
NSC FOR KURT TONG
E.O. 12958: N/A
TAGS: EFIN EINV PREL CH
SUBJECT: CSRC ISSUES DRAFT REGS FOR NYSE/NASDAQ REP OFFICES
REF: SHANGHAI 83
(U) This cable is sensitive but unclassified and for official
use only. Not for distribution outside of USG channels or via
the internet.
UNCLAS SECTION 01 OF 02 SHANGHAI 000250
SIPDIS
SENSITIVE
SIPDIS
STATE FOR EAP/CM. EEB
STATE PASS FEDERAL RESERVE BOARD FOR JOHNSON/SCHINDLER; SAN
FRANCISCO FRB FOR CURRAN/GLICK/LUNG; NEW YORK FRB FOR
CLARK/CRYSTAL/MOSELEY
STATE PASS CFTC FOR OIA/GORLICK
STATE PASS USTR FOR STATFORD, WINTERS, CELICO,
CEA FOR BLOCK
USDOC FOR ITA/MAC DAS KASOFF, MELCHER AND OCEA/MCQUEEN
TREASURY FOR AMB.HOLMER, WRIGHT AND TSMITH
TREASURY FOR OASIA - DOHNER/HAARSAGER/CUSHMAN
TREASURY FOR IMFP - SOBEL/MOGHTADER
NSC FOR KURT TONG
E.O. 12958: N/A
TAGS: EFIN EINV PREL CH
SUBJECT: CSRC ISSUES DRAFT REGS FOR NYSE/NASDAQ REP OFFICES
REF: SHANGHAI 83
(U) This cable is sensitive but unclassified and for official
use only. Not for distribution outside of USG channels or via
the internet.
¶1. (SBU) Summary: On April 25, the China Securities Regulatory
Commission (CSRC) published draft rules to allow foreign stock
exchanges, such as NYSE or NASDAQ, to open representative
offices in China as had been promised during the initial
Strategic Economic Dialogue (SED) talks in December 2006 (Ref
A). Comments on the draft were due by May 10, and it appeared
that the CSRC was attempting to finalize the rules in time for
the upcoming SED talks in Washington, DC. The rules themselves
did not appear to be particularly onerous, according to
contacts. Other foreign stock exchanges were also planning to
open offices in China as soon as allowed. End summary.
¶2. (U) In an April 25 draft, entitled