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Nasdaq Woos Chinese Market



Around 9:30 a.m. on the morning of September 10, 2007, Zhou Wenzhong, Chinese Ambassador to the United States arrived at Nasdaq's Securities Exchange Hall located in Times Square in New York, to host the stock market opening ceremony.

Zhou said there were now 46 Chinese companies listed on Nasdaq, with a market value exceeding $30 billion. In 2007 alone, dozens of Chinese companies were listed on Nasdaq. Nasdaq is playing a positive role in helping Chinese businesses globalize and expand overseas.

Currently among non-U.S. companies listed on Nasdaq, China ranks third, following Israel and Canada. Among the 100 companies from the Asian-Pacific region, which are listed on Nasdaq, 46 are from China. Robert Greifeld, President and CEO of Nasdaq Stock Market Inc, believes that in the coming decade Chinese enterprises will be able to develop much stronger influence than they have before. In recent years, in order to win the lucrative Chinese market, Nasdaq has taken active actions to expand its business in China.

Not long ago, the Nasdaq Stock Market announced the birth of the “Nasdaq China Index,” so that U.S. and international investors will have a better understanding of Chinese companies listed on the U.S. stock market. In this way, a large number of investors throughout the world will be attracted to China while more Chinese companies will get listed overseas. On April 3, 2007, Nasdaq conducted the first long-distance market opening ceremony in Beijing.


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