Zhu Rongji/China -- (A/B-share merger would take long time)

On the subject of stock market reforms, Zhu said the opening of the B-share market to domestic individuals was intended to open up investing channels for these individuals to invest their foreign currency. Foreign currency deposits at financial institutions are currently close to 80 bln usd, he said. He said the China Securities Regulatory Commission has not yet talked about merging the domestic A- and B-share markets, but added that he has not ruled out the possiblity of a merger. "But I think it would take a fairly long time," he said.

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