Home Business Politics Life Culture��Edu Sci��Tech Sports Photos
��Search
China Observer
�� A glimpse at sweatshops in China
�� Shanghai the int'l metropolis is losing Chinese characteristics
�� China tries out new retirement modes
Photos
�� Nicole Kidman in Shanghai
�� National Water Lily Exhibition in Hangzhou
�� Quanzhou set up first emergency shelter
��Home>>Business
Nine Chinese companies enter into NASDAQ global select market
www.chinanews.cn 2006-06-30 16:56:54
Chinanews, Jun. 30 �C The NASDAQ Stock Exchange will launch its Global
Select Market next Monday. The Global Select Market is considered as one
with the highest acceptance criterion. About 1,200 companies in the world
meet the strict requirement of the new sector. According to the China
Securities Journal, nine Chinese companies, including Netease, Sina,
Ctrip, Sohu, Tom Online, Shanda, 51job, and China Medical Technology are
listed on the new sector.
Chinese search engine Baidu, which some analysts predicted would enter
the select market, did not show on the list.
The NASDAQ Global Select Market places sets forth a much higher
requirement for a company's financial status and its money circulation.
Entering on the list can thus be considered as an indication of a
company's high quality and its great achievement.
In separate news, the Securities Times reported that chairman of the
NASDAQ International Department Charlotte Crosswell said in an interview
in April that over the past two years, sixteen Chinese companies had been
able to go public on the NASDAQ Stock Exchange. If China could maintain
such growing speed in the NASDAQ Stock Exchange, it would mean that
within a couple of years China would surpass Israel to become NASDAQ's
largest overseas market, said Mr. Crosswell.
At present, most Chinese companies are traded in the NASDAQ National
Market sector. Since many companies outside the United States are traded
in this market, the NASDAQ National Market will change into the NASDAQ
Global Market on July 3 when its Global Select Market is put into effect.
At present, about 1,450 companies traded in the NASDAQ Stock Exchange
will be grouped into the NASDAQ Global Market.
Copyright� 2004 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.
Disclaimer: viewpoints in the website do not represent China News Service
Learn Chinese, Chinese Course, Learn mandarin, Learning Materials, Mandarin audio lessons, Chinese writing lessons, Chinese vocabulary lists, About chinese characters, News in Chinese, Go to China, Travel to China, Study in China, Teach in China, Dictionaries, Learn Chinese Painting, Your name in Chinese, Chinese calligraphy, Chinese songs, Chinese proverbs, Chinese poetry, Chinese tattoo, Beijing 2008 Olympics, Mandarin Phrasebook, Chinese editor, Pinyin editor, China Travel, Travel to Beijing, Travel to Tibet
No comments:
Post a Comment