Source: NYSE Group
NYSE Group Inc. today signed a Memorandum of Understanding with Jiangsu Province's Economic & Trade Commission to enhance cooperation between the two organizations.
Under the agreement, Jiangsu's Economic & Trade Commission will promote the NYSE as the U.S. stock exchange of choice for Jiangsu-based companies intending to list in the United States.
The NYSE will provide comprehensive information about listing in the U.S. and make Jiangsu Province a priority province in China. The NYSE will provide training programs for Jiangsu-based firms to help them prepare for listing on NYSE.
Jiangsu Province's Economic & Trade Commission is a government agency that oversees the economic, trade, foreign investment and financial affairs of Jiangsu Province, one of the most economically developed provinces in China. Jiangsu Province is home to a number of leading private companies that are seeking more exposure to investors globally. Its Economic & Trade Commission aims to help Jiangsu-based companies to raise capital abroad for greater development and international growth.
NYSE Group is the world's leading venue for non-US and global listings, with 453 non-US listings from 47 countries valued at $8.6 trillion, and the highest trading volume of listed foreign companies, with daily trading volume in non-US stocks on the NYSE valued at $7.5 billion.