Allianz keen to list on Shanghai's foreign board

Global insurer Allianz is among the large number of foreign companies that are lining up to list on Shanghai's proposed international board.

Other companies that have indicated an interest in obtaining a listing on the new board include HSBC, Bank of East Asia, Coca-Cola and the New York Stock Exchange.

After several years in the planning stage, Shanghai is likely to launch the new board next year, a move that will put it in direct competition with the Hong Kong stock exchange, which is also targeting listings by international firms.

via Business feed http://www.scmp.com/business/banking-finance/article/1106901/allianz-keen-list-shanghais-foreign-board