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Foreign exchanges scramble for China's market
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15:30, April 21, 2008

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The Singapore Exchange Limited Beijing Representative Office was set up a few days ago. It is the fifth office that a foreign stock exchange has established in China. The government permitted foreign Stock Exchanges to set up representative offices in China last year. Before the Singapore Exchange (SGX), the Nasdaq, the New York Stock Exchange, the London Stock Exchange and the Tokyo Stock Exchange had already established representative offices in Beijing.

According to reports, up to the end of March this year, a total of 141 Chinese enterprises were listed on the SGX, with a total market value of 45.1 billion Singapore dollars.

By People's Daily Online

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