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Stocks
by Greg Cruey on September 5, 2007
Pan Asian Biz is one of several sources reporting that the China Securities Regulatory Commission (CSRC) has approved the New York stock exchange Group (NYSE). What that means is that the NYSE will soon become the first foreign stock exchange with an office in China. The office is expected to open in Beijing in the near future.
NASDAQ has an application pending with the CSRC.
The law that allows foreign stock exchanges to open offices in China is called the Administration of Foreign Stock Exchanges. The Representative Office in China provision allows foreign bourses to open offices in China. The law took effect on July 1, according to the China Business Registration Blog
The NYSE lists 40 companies from China at the moment - 28 from mainland China, seven from Hong Kong, and five from Taiwan. A total of 89 companies from China are listed on 11 foreign stock exchanges.
NASDAQ has an application pending with the CSRC.
The law that allows foreign stock exchanges to open offices in China is called the Administration of Foreign Stock Exchanges. The Representative Office in China provision allows foreign bourses to open offices in China. The law took effect on July 1, according to the China Business Registration Blog
The NYSE lists 40 companies from China at the moment - 28 from mainland China, seven from Hong Kong, and five from Taiwan. A total of 89 companies from China are listed on 11 foreign stock exchanges.
Permalink: NYSE to Open China Office
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/90258
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