According to the top manager of NASDAQ Group, the largest global exchange company the day before yesterday, they are trying to enter China’s stock market.

“We are contacting the China Securities Regulatory Commission and Shanghai Stock Exchange for a listing,” said Eric D. Landheer, head of Asia-Pacific at NASDAQ OMX Group. “And our commitments will continue despite the market turmoil.”

NASDAQ OMX Group is controlling and operating the NASDAQ stock exchange—the largest in the US. What is more, the Group operates eight stock exchanges in Europe and has a one-third stake in the Dubai Stock Exchange.

The exact arrangement was still under discussion, Landheer said. The CEO of NYSE Euronext, parent of the New York Stock Exchange (NYSE), said in April that the company is eyeing a listing in China.

The feasibility of attracting major foreign companies to enter the domestic market is being discussed by the Shanghai exchanges, said market sources.

Experts said that getting listed on the Chinese mainland is not so easy.

The domestic capital market needs a package of supportive measures in terms of regulations, the accounting system and the exchange rate regime to make such listings feasible, said an analyst with CITIC China Securities.

Because of the rapidly spread global financial crisis, the number of initial public offerings on the NASDAQ reduced from 154 last year to 23 so far this year, among which three are from China.

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