Preferred stocks will bring positive results to the Chinese economy and the capital market By lan Xinzhen Issuing preferred stocks to raise funds—a financing method commonly used in developed markets—is to be introduced into the Chinese market.The China Securities Regulatory Commission(CSRC)on March 21 issued rules for a pilot program on preferred stocks,allowing three types of companies to publicly issue preferred stocks:Shanghai Stock Preferred stocks will bring positive results to the Chinese economy and the capital market By lan Xinzhen Issuing preferred stocks to raise funds-a financing method commonly used in developed markets-is to be introduced into the Chinese market.The China Securities Regulatory Commission (CSRC) on March 21 issued rules for a pilot program on preferred stocks, allowing three types of companies to be approved issue preferred stocks: Shanghai Stock