"As a result of the first Strategic Economic Dialogue initiative between the governments of China and the United States, NYSE Group is very pleased that both countries have agreed that NYSE Group can proceed with opening a business office in China," said John A. Thain, Chief Executive Officer, NYSE Group, Inc. "We are also encouraged by the constructive and in-depth discussions on overarching and long-term strategic economic issues by China's Vice Premier Wu Yi and U.S. Treasury Secretary Henry N. Paulson. Further, NYSE Group is fully committed to contributing to this positive dialogue and to building upon our outstanding relationships with listed-issuers in China and throughout the world."
Currently, there are 31 companies with a total global market capitalization of $833 billion from greater China listed on the NYSE (as of Dec. 15, 2006 ). In 2006 to date, the NYSE listed two Chinese companies as the latest high-growth entrepreneurial Chinese companies to be listed on the NYSE: New Oriental Education and Technology Group (NYSE: EDU) and Mindray Medical International Ltd (NYSE: MR) - both ranked in the top-10 best-performing IPOs in third-quarter 2006. In 2005, the NYSE listed Suntech Power holdings Ltd (NYSE: STP). In 1993, Sinopec Shanghai Petrochemical Company, Ltd. (NYSE: SHI) was the first company from China to list on the NYSE.
The NYSE is currently home to 448 non-U.S. companies with a total market capitalization of $9.4 trillion representing 47 countries.
About NYSE Group, Inc.
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In the third quarter of 2006, on an average trading day, 2.2 billion shares, valued at $80.1 billion, were traded on the exchanges of the NYSE Group.
The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. On September 30, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $23.0 trillion.
NYSE Arca, Inc. operates the former ArcaEx®, the first open, all-electronic stock exchange in the United States , which has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options. NYSE Arca, Inc.’s trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to: www.nyse.com.
