Mr. Bruce Aust, Executive Vice President, Corporate Client Group, commented: “As the world’s largest electronic stock market, NASDAQ is the natural home for Chinese companies seeking to list overseas. NASDAQ opened its first office in Shanghai in 1998 and we are committed to strengthening our presence in China by developing our on-the-ground support and service structure and increasing senior-level focus from our New York headquarters.”
NASDAQ expects to announce shortly the appointment of a new Head of Asia Pacific, who will oversee a review of the staffing needs and location of the NASDAQ China office. A new China Chief Representative will also be appointed in the coming months. In the interim, Chinese companies listed on NASDAQ are being supported by Mr. Ghanshyam Dass, NASDAQ Director for South Asia.
Going forward, NASDAQ’s China office and staff will report directly to the senior management of NASDAQ’s Corporate Client Group in New York. Additional support will be provided through NASDAQ International in London. NASDAQ’s China office has hitherto operated independently of NASDAQ’s other international activities.
The following Chinese companies are listed on NASDAQ:
|
AsiaInfo Holdings,
Inc. (ASIA) |
Qiao Xing Universal
Telephone (XING) |
NASDAQ is the largest U.S. electronic stock market. With approximately 3,300 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. Approximately 51% of NASDAQ-listed shares traded are reported to NASDAQ systems. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom SM at http://www.nasdaqnews.com/.
