NYSE strengthens ties to Chinese markets
China has been a real bright spot for U.S. exchanges. They seem to value the liquidity and prestige of a U.S. listing at levels that exceed the pain of Sarbanes Oxley and other regulations. The NASDAQ lists 46 Chinese companies, while the NYSE lists 28. So it is no surprise that New York Stock Exchange had just won approval to open an office in Beijing--the first foreign exchange to do so, according to Financial News Online. The office will offer research services to listed companies and market the Big Board's services to others. Can the NASDAQ and others be far behind?
For more:
- here's the Financial News Online article
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