Nasdaq To Lure More Firms With New Beijing Office
Nasdaq has this week opened a representative office in Beijing in an attempt to
attract more Chinese firms.
The plan, according to Nasdaq's chief representative in the country, Xu Guangxun,
is for the firm to become listed on the Shanghai Stock Exchange. "There is no doubt that more than 20 mainland firms will list on Nasdaq
this year," Mr. Guangxun predicted, according to the Xinhua state news
service. "It won't take long for the Chinese mainland firms to overtake Israeli
ones as the biggest non-U.S. group on Nasdaq," he added. Earlier this week, head of the China Securities Regulatory Commission, Shang
Fulin revealed that the authorities were seeking to enlarge the capacity of
the Chinese capital market: "We wish companies could choose to get listed in our A share market. We
also support existing companies to boost its scale through assets regrouping
and integration," he explained, according to reports. .
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.