There's a new front in the battle of the top U.S. exchanges. Both have trained their considerable marketing resources on the Middle Country in hopes of bagging the highest quality companies. As Business Week Online notes, Nasdaq has done fairly well with smaller companies, while the NYSE has managed to list some of the big names--China Mobile and China National Offshore Oil among others. Stepping up their game, the Nasdaq's marketing team has come up with a new index of 30 mainland and Hong Kong-listed stocks. The Nasdaq China Index of top companies will start trading on May 7. The hope is that an active ETF community will spring up around it and create a lot of buzz and hopefully burnish the brand.

For more:
- here's the article Business Week Online