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Overseas stock exchanges eye Chinese equities

(Xinhua)
Updated: 2007-05-29 13:35

Private Chinese companies looking to list on the stock exchange are attracting attention from overseas bourses, said sources at an international summit on private equities held in Beijing over the weekend.

Representatives of world leading bourses, including the London Stock Exchange, the New York Stock Exchange and Nasdaq, are all eyeing the Chinese market with interest and keen to launch representative offices in Beijing.

The Hong Kong Stock Exchange is so far the only overseas bourse that has set up a representative office in Beijing, according to Ren Guangming, chief representative of the bourse in China's capital.

Xu Guangxun, chief representative of Nasdaq Stock Market, Inc in China, said that Nasdaq will soon set up an office in Beijing, which will likely be located at the China World Trade Center in the city's CBD (central business district). Nasdaq has applied to the China Securities Regulatory Commission.

Nasdaq is willing to provide Chinese companies with pre- and post-listing services to help them achieve best results at lowest cost, Xu added.