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

Tags:  EFIN EINV PREL CH 
pdf how-to read a cable
VZCZCXRO7726
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