European investors expecting Chinese opportunities

Euronext, Europe's largest and the first genuinely cross-border exchange business, will launch its first large overseas promotion initiative in China after it finished the final integration at the end of last year.

A team led by Eril Wenngren, Director-International Listings with Euronext, is in Shenzhen now for the 7th China Hi-Tech Fair where they will host a special briefing on Oct. 15.

At the press conference on Oct.13, Mr. Wenngren said European investors would be very excited to have investment opportunities from China especially when the euro zone economy was slowing down while China's was growing so fast.

He disclosed that Euronext was also considering the establishment of a permanent representation in China. But it will take time before it can be realized.

He stressed that hi-tech companies, in particular, had very successful IPOs in Euronext. But now it has no Chinese companies. Talks with some Chinese companies are already under way.

Euronext is the result of converging four stock markets of four European countries (Belgium, France, Netherlands, Portugal) and the derivatives markets of all four and the UK.

By People's Daily Online



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