Australia launches new stock exchange market

A new stock exchange market, SIM Venture Securities Exchange Limited (SIM VSE), on Wednesday launched an official opening for listing in Sydney of Australia, stating China as their next significant target markets.

SIM VSE is an Australian Market Licensed equity market established to provide specialized capital market services for clean-tech innovation, renewable energy and associated businesses.

Established in 2010, SIM VSE is a joint venture between Financial and Energy Exchange Limited (FEX) and the National Stock Exchange of Australia Limited (NSX).

According to Minister for Financial Services and Human Services, Chris Bowen, Australia's equity markets are the 7th largest in the world, and the second largest in Asia, which has provided a very worthy platform for Australia's ambition to be a financial services center.

"By linking global investors interested in scarce capital, scarce resources and sustainability, SIM VSE is seeking to become an Exchange for a cleaner planet," Bowen said in the opening speech at the FEX Market Site.

Meanwhile, SIM VSE was the leading western country, which has printed Chinese translation of company name on the banner of the market site.

"As an Asian leader is the emerging meta-asset class...this shows how important we consider the Chinese markets, and because they have so much potentials to share mutual-benefits with us," Chairman of SIM VSE Brian Price told Xinhua reporter in the opening.

The first listing on SIM VSE will be Indigo Technologies Limited.

"I would like to welcome Indigo Technologies to the official list of the SIM Venture Securities Exchange,"Price and Executive Chairman of FEX said.

"As our first clean-tech listing, Indigo represents an important point in the development of SIM VSE as a globally leading clean-tech marketplace and Australia as a green finance center."

Indigo Technologies is an Australia-based company specializing in providing sustainable air emissions solutions for clean coal combustion and industrial processes.

The statement said the first listing "will be the culmination of our capital raising and a significant milestone allowing us to accelerate our expansion into new markets, particularly in China."

Source:Xinhua