Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
Mayor of London: Dual listing in UK, China raises profile both ways
+ -
08:20, June 09, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Comment  Tell A Friend
 Print Format  Save Article
The dual listing of British and Chinese firms on stock exchanges in both the United Kingdom and the Chinese mainland will help raise profile both ways, visiting Lord Mayor of City of London Ian Luder said Monday.

Speaking at a news briefing in Hong Kong, the last leg of his official visit to China, Luder said dual listing would especially helpful for retail businesses.

"You start get commentaries in the press, in the financial pages read by informed private investors who ...(some) become informed and loyal clients," he said.

Luder declined to comment on the reported timetable of the listing of London-headquartered banking giant HSBC Holdings on Shanghai stock exchange.

Nevertheless, he said it would not be a surprise if HSBC became one of the first UK-based firms to be listed in Shanghai given its historical links and its current business on the Chinese mainland.

Market access and having global players are some of the characteristics of a financial center, which Shanghai has been aspiring to become, he said.

China and the United Kingdom reached agreements at recent London forum that the two governments would take appropriate steps to remove barriers to the dual listing, he added.

Luder started his 10-day official visit to China that has taken him to Beijing, Shanghai, Chongqing and Hong Kong. He was heading a financial services delegation, which held talks with Chinese officials and local industry players.

Source:Xinhua



  Your Message:   Most Commented:
Tamil protesters block major freeway in downtown Toronto
Controversy over China's first sex-theme park
China slams U.S. foreign affairs bill proposal, urges deletion
Congress wins election in India
Former French diplomat says no to "China threat"

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/6674368.pdf