BREAKING NEWS

BREAKING NEWS

Beijing bell ringing as US markets pursue Chinese listings

Now Reading:

Beijing bell ringing as US markets pursue Chinese listings

Text size Aa Aa

The US financial world continues to court businesses in the fast growing Chinese economy. Trying to raise its profile among Chinese companies, bosses from the New York based stock market Nasdaq gathered in Beijing to ring the bell to open trading by remote control from there.

Forty Chinese companies – worth around 22.5 billion euros – are traded on the Nasdaq, and the pace is increasing with seven joining in just the last three months.

US and Chinese officials last year agreed to Nasdaq and its rival, the New York Stock Exchange, opening offices there to pursue more listings by Chinese firms.