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Home >> Business
UPDATED: 19:14, November 30, 2006
NY Stock Exchange CEO hopes more Chinese companies are listed on US market
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John Thain, the chief executive officer of the New York Stock Exchange (NYSE) visits China once every year. This year is the third time he has visited China since assuming office. On eve of his China visit, he spoke to a Chinese reporter about his thoughts on China.

Mr. Thain said that there are currently 18 companies from the Chinese mainland, 8 from Hong Kong and 5 from Taiwan listed on the New York Stock Exchange, and they do well on the stock market. US investors are eager to buy Chinese company's stock. Recently, the Dow Jones industrial average has been rising rapidly, which not only reflects a healthy US economy, but positive developments in the international economy, including China.

Mr. Thain said that the New York Stock Exchange hopes more Chinese companies will be listed in New York. During this visit, he will meet leaders of Chinese companies, all of which are performing well and which Mr. Thain believes could be very successful on the New York Stock Exchange.

Mr. Thain feels optimistic about the developing relationship between the NYSE and Chinese companies. The NYSE has built up a relationship with several Chinese stock exchanges, and signed a cooperation memorandum with the Shanghai Stock Exchange. The current cooperation is based on sharing information and training personnel, and perhaps will be expanded to include operational assistance and provision of funds in the future.

The New York Stock Exchange had recently applied to establish an office in Beijing in order to facilitate stronger cooperation more rapidly.

By People's Daily Online


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