US Firms Looking to Shanghai
At present, a growing number of US firms look forward to listing in Shanghai and working with the Chinese authorities given that such feasibility exists.
“More and more of our companies are asking us to show them the way to considering a listing in Shanghai,” NYSE Euronext Inc CEO Duncan Niederauer told the Reuters Exchange and Trading Summit in New York.
Such a prospect of major US companies eager to list on the Shanghai Stock Exchange reflects a drastic reversal of the flow of top Chinese companies going to list on US and other foreign exchanges in the past 15 years.
When asked whether it is possible for a series of leading US companies to eventually list in Shanghai, Niederauer said: “I think it is possible. I think it depends on how easy or difficult it is to do that.”
Over the next 6 to 12 months, NYSE Euronext will be working with the regulator, the China Securities Regulatory Commission, and the Shanghai Stock Exchange to find out whether the feasibility of listing exists.
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