CNOOC may postpone A-share listing

China's largest offshore oil producer, CNOOC (NYSE:CEO, HK:0883) will postpone its A share listing as the China Securities Regulatory Commission has not yet given nod to listing of red chips on the domestic stock market, said Fu Chengyu, chairman of the company.

Worrying that more capital will be peeled from the H share market and flow into the A-share market after red chips like CNOOC come back, which might shake H share price stability, the regulator is still studying the feasibility, Fu said.

Earlier this March, CNOOC announced that it will come back for listing on the A share market this year.