China's Vice Premier Madame Wu Yi, U.S. Treasury Secretary Henry M. Paulson, Jr., China Securities Regulatory Commission Vice Chairman Tu Guangshao, New York City Mayor Michael R. Bloomberg, U.S. Ambassador to China Clark Randt, and Beijing Vice Mayor Ji Lin today officially inaugurated the New York Stock Exchange's Beijing office in an historic opening ceremony hosted by NYSE Euronext CEO Duncan L. Niederauer.
Joining these officials during the opening ceremony in the Diaoyutai State Guesthouse were the CEOs of NYSE-listed Chinese companies and invited guests.
The NYSE, a subsidiary of NYSE Euronext (NYSE: NYX), on Sept. 4 became the first foreign exchange to obtain approval by the China Securities Regulatory Commission (CSRC) to open a representative office in Beijing.
"We are privileged to have an office in Beijing, which will serve to provide on-the-ground support for our listed companies and strengthen our presence in China," said Mr. Niederauer. "This is an historic day for China and the United States, and the opening of our Beijing office highlights the progress in the strategic economic dialogue between our two countries. As a global economic powerhouse, China will continue to develop its capital markets, and we will go forward as partners making this journey together."
"The NYSE's historic Beijing office opening is good for Beijing and New York City, as it will enhance the competitiveness of China, the U.S. and the global capital markets," said Mr. Bloomberg. "Access to global markets helps the free flow of capital that fuels growth, creates jobs and opportunities, and facilitates strategic partnerships. The NYSE's representative office in Beijing further strengthens the China-U.S. relationship."
Coinciding with the office opening today, the NYSE launched a Chinese audience page on its website dedicated to online readers in Chinese, available by clicking on nyse.com/China. The Chinese language audience page has sections for listed companies, with news releases, investor information, CEO profiles, broadcasts of NYSE events, as well as a listed company directory and information on the NYSE.
As part of today's official office opening celebrations, Mr. Niederauer hosted a lunch and with senior officials, listed company CEOs and other invited guests.