Monday December 16 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: Australia
Asia Pacific Stock Exchange (APX), a small exchange that aims to attract Chinese companies to list in Australia, has received final clearance from the Australian Securities and Investments Commission (ASIC) to start operations and aims to launch its first initial public offerings in the first half of 2014.
The exchange has stated that it would give Australian investors the chance to access the Chinese economy with the reassurance that the same strict regulatory standards would apply to the Chinese companies listed as to those listed on the ASX. In addition, APX will not allow short-selling in a bid to attract medium to long-term investors.
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