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19

China's Offshore Giant Floats A Shares

China's top offshore oil company CNOOC is going to to float A shares this year

China's top offshore oil company CNOOC is going to to float A shares this year.

"There're only certain particular technical obstacles, such as foreign exchange management, to our initial public offering (IPO) plan in the A-share market. They are not fundamental policy difficulties.

"Similar hurdles confront China Mobile. When these are settled, our IPO plan will get the green light from the authorities this year," CNOOC Chairman Fu Chengyu told China Daily.