The Chinese stock market shares type

Chinese firms typically have multiple classes of shares. One possibility is to distinguish shares
according to geographical locations: shares which can be traded by domestic investors (A-shares),
shares denominated in foreign currencies and reserved to foreign investors4 (B-shares) and shares of
companies listed or cross-listed overseas (H-shares, for those listed in Honk Kong). It is worth
noticing the residual role played by B-shares, whose market capitalization was about 3% of the capitalization of A-shares at the beginning of 2005
second is to distinguish shares according to the trading status, given that some shares
are nontradeable. NTS can be either State shares or restricted institutional shares and can only be sold privatelyState shares and individual shares.
At the beginning of 2006, NTS accounted for about 63% of the total number of shares outstanding.
NTS have the same cashflow and voting rights as tradeable shares in china.