No Plan for Shanghai Stock Exchange Listing

An official at the Shanghai Stock Exchange said Wednesday the listing of the bourse was not an urgent matter while acknowledging the need for such a listing.

"People are talking about the listing and it shows there is a demand," Xie Wei, deputy general manager of the bourse told Caixin, who went on to say that this was not an urgent issue.

The listing of the SSE was brought up last year when foreign bourses came to China to woo Chinese companies. The exchange, launched in 1990, is a non-profit organization. Under Chinese securities law, the assets of the bourse belong to all members. The bourse is eyeing a listing primarily to boost its brand publicity and international standing.