Australia launches new stock exchange market

22:21, June 30, 2010      

Email | Print | Subscribe | Comments | Forum 

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

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
  • A visitor passes by in the exhibition of Istanbul design week on Sept. 28, 2011 in Istanbul, Turkey. Istanbul design week will be hosting designers and design exhibitions from around the world in Istanbul from Sept 28 to Oct 2 with the participation of 25 countries. (Xinhua/Ma yan)
  • Red flag flies at the Jiuquan Satellite Launch Center in northwest China's Gansu Province, Sept. 28, 2011. A spokesperson with China's manned space program said Wednesday that fuel has been injected into the Long March-2FT1 carrier rocket in preparation for launching the Tiangong-1 space module Thursday evening as planned. (Xinhua/Wang Jianmin)
  • A militant loyal to the Libyan National Transitional Council (NTC) waves in a tank near Bani Walid, one of the pro-Muammar Gaddafi strongholds, on Sept. 28, 2011. (Xinhua/Hamza Turkia)
  • Jewish worshippers pray at the Western Wall, Judaism's holiest prayer site, in Jerusalem's Old City on Sept. 28, 2011, ahead of Rosh Hashanah, the two-day Jewish new year which will begin at sunset on Sept. 28 and conclude at nightfall on Sept. 30. (Xinhua/Muammar Awad)
Hot Forum Discussion