A-shares versus H-shares and Australia's Biggest Ever Trade Deal

Asia's largest oil company, PetroChina (Energize, Harmonize. Realize.), did a deal worth AUD 50bn to buy LNG from Western Australia. Ossie PM Kevin Rudd said the deal would create up to 6,000 jobs.

PetroChina issued H-shares in April 2000. H-shares are shares of companies incorporated in mainland China but listed on HKSE or any other foreign exchange. A-shares are similar but trade on mainland Chinese exchanges e.g. Shanghai, Shenzhen. Generally, only mainland citizens can invest in A-shares.