economy - B-share markets to be closed

The China Securities Regulatory Commission (CSRC) will close down the B-share markets, the Financial Times reports today.
Launched amid great expectation in the early 1990s, China's stock markets have remained tiny compared to other countries and even other financial developments inside China. The B-markets focused on foreign currency, unlike the Rmb-market for the A-shares. Officially the B-markets were meant to attract foreigners, but mostly Chinese with foreign currency used this malfunctioning part of the stock markets in Shanghai and Shenzhen.
No time has been set yet for the closure. "We need to ensure it is done in a way that does not cause excessive speculation or loss of confidence. Merging B-shares with another market is a possibility, but it is only one possibility," said an CSRC-official to the FT.