Some analysts fret that the stockmarket's launch could artificially inflate the share prices of hundreds of unlisted companies without imposing the rigours of auditing. Yet the proposal has stirred misgivings. He says the company will only be permitted to open a simple transaction centre. Banking giant HSBC hopes to win the SSC's nod to act as a subcustodian, catering to custodian banks. The recent influx of life-insurance companies also is expected to help buoy the market, particularly in bonds.
Some discrepancies also remain.
At this point, nothing is engraved in stone. If the market is exciting, we could open it seven days a week. It may take a while for that excitement to build, considering the deep misgivings over local firms' murky auditing and shaky profitability. At Ho Chi Minh City's Phu Tho racetrack, veteran gambler Le Thanh Trung says he plans to wait at least 10 years before staking any money on shares. Review Publishing Company Limited, Hong Kong.