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Chinese Listed Companies Should Increase Transparency: Nasdaq Chief Representative
Chinese hi-tech companies are welcomed to be listed in Nasdaq, said China region chief representative or international director of Nasdaq Huang Huaguo during an interview with the reporter. He suggested that Chinese listed companies should increase transparency.
Huang elaborated that the Nasdaq market had a high requirement on companies' transparency. Listed companies are required to submit the company operation report every quarter. He revealed that Nasdaq would form an office in Shanghai to strengthen the communication and cooperation with China.
Since China.com was listed in Nasdaq, five other Chinese companies have been successfully listed in the market. In fact, Chinese government supports overseas listing greatly instead of setting lots of policy obstacles. The companies may use the capital raised from Nasdaq for redevelopment and reconstruction, which will promote China itself greatly, Huang said.
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