Beijing Representative Office of nyse
Recently, the China Securities Regulatory Commission approved the establishment of the New York Stock Exchange Beijing representative office, which is July 1, 2007 "outside the stock exchange in China on behalf of the management approach" (
Recently, the China Securities Regulatory Commission approved the establishment of the New York Stock Exchange Beijing representative office, which is July 1, 2007 "outside the stock exchange in China on behalf of the management approach" ( "way") to the implementation of the Stock Exchange were set up outside the The first China-based representative body. Previously, only the Hong Kong Stock Exchange in 2003 under the "Mainland and Hong Kong Closer Economic Partnership Arrangement" set up a Beijing representative office.
New York Stock Exchange is set up representative offices in China in December last year at the first Sino-US strategic economic dialogue to reach a concrete results. May this year, the development of the China Securities Regulatory Commission promulgated the "Measures", on foreign stock exchanges established in China, the representative body for approving and monitoring the norms. "Measures" after the implementation of the New York Stock Exchange submitted to the China Securities Regulatory Commission's Beijing representative office set up for and received approval. This fully shows the Chinese side to implement the Sino-US strategic economic dialogue between the positive efforts made by the results.
According to the "measures", the New York Stock Exchange approved the establishment of Beijing Office, mainly engaged in the securities listed on the contact, referrals and research, and other non-business activities and should be submitted regularly to the China Securities Regulatory Commission report on the work of office And trading in its listed companies in China and Chinese members of the situation.
China's capital market development in the process of consistently progressive, mutual benefit and win-win principle of open, actively and steadily opening up the implementation. Accession to the WTO (WTO), China has not only earnestly fulfilled its commitment to opening up the securities industry, but also take the initiative to take a series of open capital market policy measures. Outside the Stock Exchange to allow the establishment of representative institutions in China, is one of China's open policy autonomy. It is conducive to domestic enterprises outside the close-up understanding of the securities market, and is familiar with all types of outside financing channels, better choices outside the market and the mode of financing, reduce outside financing costs and improve the efficiency of financing, but also help us better understand The international capital market developments, learn from the mature markets develop a multi-level capital market system of experiences and practices, and constantly improve China's capital market as the basis for the system, promote market-oriented product innovation and service innovation, and promote the healthy and stable capital market development.
It is learnt that, in addition to the New York Stock Exchange, the world's leading offshore application Stock Exchange is actively preparing for the establishment of representative institutions in China, there are more than formally submitted an application.
NYSE representative office in China before the end of this year, eight operators have listed Chinese companies
Xinhua News Agency, Beijing, September 5 - (Xinhua, Wang Shuai) has just been approved by the China Securities Regulatory Commission, set up representative offices in the New York Stock Exchange (NYSE) is expected to be officially opened before the end of the year operation, Beijing representative of the New York Stock Exchange Department staff will also be in place within the next few weeks.
Beijing is to visit the New York Stock Exchange pan-European Group President and Co-Chief Operating Officer Catherine on the 5th of the Nepalese media said on the 4th New York Stock Exchange approved a July 1, 2007 "outside the stock exchange in China on behalf of the management approach "Since the implementation of a formal stock exchange allowed to set up outside the first China-based representative body, the New York Stock Exchange is of great significance, but also the Sino-US strategic economic dialogue to a positive outcome, will promote China and the United States capital markets Cooperation.
New York Stock Exchange in New York - the pan-European stock exchange group affiliated companies, non-American companies listed in the U.S. market of choice. Catherine the Niger said that the NYSE will become a Beijing representative office of the New York Stock Exchange listed company in China to promote their brands and services of the core institutions.
From the New York Stock Exchange data showed that, at present, from the New York Stock Exchange a total of 40 large Chinese companies listed on the region, of which 28 companies from mainland China, seven from Hong Kong, five from Taiwan. China is now the New York Stock Exchange in the Asia-Pacific region's largest listed company countries of origin. The entire Asia-Pacific region a total of 89 companies listed on the New York Stock Exchange, from 11 countries and regions.
As of June, 28 in the New York Stock Exchange-listed Chinese mainland companies of the world total market value has reached 790 billion U.S. dollars, the average market value of these companies reached 30 billion U.S. dollars, at least, is about 400 million U.S. dollars, the largest is 232 billion U.S. dollars .
Catherine the Town revealed that in 2007 the New York Stock Exchange-listed Chinese companies now have eight, they are: Tongji Tong Chinese medicine, Chinese medicine precursor, Acorn, Qiao Xing Mobile, Jiangxi SinoVideo LDK, Yingli Green energy, and Wuxi China-Habitat drug Mingkang De.
Catherine the Niger also revealed that before the end of the year, are expected to be 5-6 to the Chinese company will be listed on the New York Stock Exchange, the next few years there will be more Chinese companies to the New York Stock Exchange listing.
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