China’s securities regulator said rumors that the long-awaited international board of the Shanghai Stock Exchange would launch in the near future are false, adding that there is no timetable for the board’s creation, South China Morning Post reported. “[China Securities Regulatory Commission] chairman Guo Shuqing has been openly reluctant about creating the board in the near future,” said one source involved with the CSRC. “It’ll be a long time before the regulator studies the proposal again.” China said in 2009 it would create an international board for foreign companies to list A-shares on the Shanghai Stock Exchange, but the CSRC has shelved plans since then for fear of disrupting the market. Sources say Shang Fulin, who preceded Guo as chairman of the CSRC, developed plans for the board to be launched in the second half of last year, but preparations were stymied when Guo took the helm in October 2011.