| Tuesday, November 13, 2001, updated at 16:11(GMT+8) |
Chinese Internet Stocks Stand Rooted in Nasdaq, China Chief Executive |
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Stocks of four Chinese Internet companies have got rooted in American Nasdaq. November 7 heard Huang Guohua, Nasdaq China Chief Executive, confirm the information at the "Shanghai Career International Forum" cosponsored by Shanghai Career Investment Association and Mekinsey Company.
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Stocks of four Chinese Internet companies have got rooted in American Nasdaq. November 7 heard Huang Guohua, Nasdaq China Chief Executive, confirm the information at the "Shanghai Career International Forum" cosponsored by Shanghai Career Investment Association and Mekinsey Company.
The four Internet companies, China.com, Sina.com, Sohu.com and 163.com, got listed in American stock market one after another from 1999 to 2000, peak period of the worldwide webs. With breakdown of American bubble economy, majority of hundreds of Internet companies in Nasdaq closed, bankrupted or withdrew. Instead, the four Chinese Internet companies have rooted there, riding through the difficult times. This is because Americans have accepted Chinese Internet companies, said Huang Guohua. In the contraction, stocks of Chinese Internet companies dropped only half as did those of America.
In 2000 alone, 194 companies with risking investment holdings registered in Nasdaq, he added, yet no one came this year due to the economic slowdown. Asked if that would produce positive effect on the property of Nasdaq, he answered Nasdaq's Hi-tech and Hi-growth property would remain unchanged. With more attention devoted to Hi-tech, Hi-tech companies will keep on playing an active role in Nasdaq.
He appreciated the measures Chinese Government has taken to allow overseas risking investment to enter Chinese market. However, without the mechanism of withdrawal for protection, he said, the entering would be uncertain.
by PD Online Staff Yang Ruoqian
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