Should the par value of shares issued domestically be maintained at 1 yuan - Blue Chip Finance

by fivip11 on 2008-01-15 13:13:32

Since Zijin Mining announced its plan to issue stocks within the country with a face value of 0.1 yuan RMB, the rationality and legality of this move has been discussed at length both inside and outside the market. Some even advocate that stocks must be issued with a 1 yuan par value; issuing stocks with a par value less than 1 yuan not only violates laws and regulations, but also will cause a series of confusion.