Source: Nasdaq Stock Market
The Nasdaq Stock Market (Nasdaq:NDAQ) yesterday announced that the China Securities Regulatory Commission (CSRC) has issued regulatory approval for NASDAQ to open a representative office in Beijing, China.
The office will act as the Company's central office for NASDAQ's continuing efforts to provide the highest level of value and service to Chinese companies.
"NASDAQ welcomes the approval by the CSRC to open our office in Beijing," said Eric Landheer, NASDAQ's Head of Asia Pacific. "Having a representative office in China will enhance our ability to provide the highest level of value and service to Chinese companies. Year to date, 15 Chinese companies have chosen to list on NASDAQ and our pipeline remains robust. In addition, this will allow us to deepen the important dialogue we already have with China's bourses and regulatory bodies as China's capital markets continue to expand."
"The announcement that NASDAQ has been granted permission to open a formal business office in China is a milestone for our company," said Robert Greifeld, President and Chief Executive Officer of NASDAQ. "NASDAQ has had a presence in China for over a decade. We are very committed to the Chinese market and our 49 companies and look forward to further growth opportunities."