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Tokyo Stock Exchange, Inc. (TSE) has received approval to open representative office from China Securities Regulatory Commission (CSRC). This is the third approval for a foreign exchange to establish a representative office after the New York Stock Exchange and Nasdaq.
Having received this approval, the TSE will establish a representative office in Beijing, China within 90 days. The office will be a communication gateway between the two countries’ financial and securities markets, and will act as a hub for the promotion of capital flow between Japan and China.
Atsushi Saito, President and CEO of Tokyo Stock Exchange Group, Inc. said,”We are very pleased by the CSRC’s approval of our representative office in China. We concluded MOUs in August 2006 with both the Shenzhen Stock Exchange and the Shanghai Stock Exchange as a step toward creating business alliances, and have since then been engaged in close exchange of both information and personnel with these exchanges. In addition, two companies from mainland China have already listed on our market. We have high expectations that our establishing a representative office in China will lead to even deeper understanding and exchange between the capital markets of our two countries, and we serve as a source of capital for Chinese companies.”
Currently, listed companies from mainland China include China Boqi Environmental Solutions Technology (Holdings) Co., Ltd (listed on the TSE First Section) and Asia Media Co., Ltd (listed on Mothers Global).
