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  • Chinese Companies to be Listed on NASDAQ
  • January 18, 1999 (BEIJING) -- The first group of Chinese companies will be listed on NASDAQ, the second-biggest stock market in the United States.
    This is according to Frank Zarb, the president of the U.S. National Association of Securities Dealers and CEO of NASDAQ.

    Three to six companies will be a good target, Zarb said, and if they perform well and the results are good, then more will follow.

    He added that securities dealers and NASDAQ have had discussions with the China Securities Regulatory Commission, the country's securities market watchdog, on personnel exchanges and professional training and have agreed to launch a joint Web site soon.

    NASDAQ lists some 6,000 corporations, including 500 from outside the United States. The criterion for listing is simply "high quality," and that could translate into strong leadership or products or services with potential profitability, Zarb said.

    (Xinhua News Agency)

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    Updated: Fri Jan 15 15:51:54 1999 PDT