OA systems 中文版

NASDAQ listing beneficial for Chinese Companies

2017-12-04 18:12:00Source: Cfbond

The first international captial leadership summit hosted by China Fortune Media Group kicked off in Beijing on Saturday. Over 3000 experts, business person and professionals attended the summit.

Speaking in the summit, Ms. Yeeli Hua Zheng, the Chief Representative in China said about 3,700 companies had been listed on the NASDAQ as of the end of October. Since 2017, and more Chinese companies choose to list on the NASDAQ.

 

She said there had been 109 Chinese companies trading on the NASDAQ as of 11/27/2017 with a total market capitalization of $317.1 billion, and 29 medium-sized companies trading on NDDAQ with a market value of more than $1 billion.

 

David Bocchi, Head of Aegis' Investment Banking Group, pointed that NASDAQ had provided the infrastructure, tools and strategic insights tailored for the capital market opportunities of today and the expectations of tomorrow.

 

He said NASDAQ listing benefits had included market transparency, exchanged flexibility, institutional exposure and so on. And It also offered far more liquidity than the mainland China IPO market.

 

Andrew Zhu, managing partnerof Deloitte China, said Chinese companies listed in the US should do a better job in their accounting and auditing practice.

 

He advised Chinese companies to select people well versed in accounting, auditing, taxation and securities.