Following the New York Stock Exchange, Nasdaq, the other major
US stock exchange, was approved by China Securities Regulatory
Commission to open a representative office in Beijing, the company
announced here on Thursday.
"It is a milestone for us to open a representative office in
China." said Robert Greifeld, chief executive officer of the
Nasdaq.
Fifteen Chinese companies have been listed on the Nasdaq during
the first nine months this year, bringing the total to 49.
Michael Oxley, vice chairman of the Nasdaq, predicted last month
during his visit to China that the country might surpass Israel to
become the largest source of non-U.S. listings for Nasdaq by the
end of this year.Israel has 70 companies listed in the
exchange.
"Having a representative office in China will enhance our
ability to provide the highest level of value and service to
Chinese companies," said Eric Landheer, Nasdaq Asia Pacific
head.
Nasdaq, the world's first electronic stock market, has more than
3,200 listed companies including Microsoft, Dell and Yahoo. The
total market value tops US$4 trillion.
(Xinhua News Agency September 28, 2007)