Tuesday, August 14, 2007

Nasdaq Vice Chairman Mike Oxley Anticipates 23 More Chinese Companies Listed This Year

Former Ohio Congressman Michael Oxley from Findlay who now is Vice Chairman of Nasdaq has predicted that at least 23 more Chinese companies will have listings, so far 47 Chinese companies have listings, an additional 13 in 2007 9 in 2006

To attract more Chinese listings, Nasdaq has applied to open a representative office in Beijing according to Chinese news reports.

Chinese companies may become the largest source of non-American companies listed by years end catching up with Israel. Both nations continue to attract billions of dollars in new investments as their economies continue to grow and expand.