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.
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