| Paris Stock Exchange Strives to Attract More Chinese Small and Medium Enterprises |
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| 2008-07-04 09:18 | | From:Economic and Commercial Section, France Article type:Reproduced |
It was reported by French Tribune (www.latribune.fr) on July 1 that the stock market could not be indifferent to Chinese economic growth, and they were competing with each other to attract the Asian giant companies to their exchange. Euronext N.V of NYSE Euronext has no exception, and it is striving to attract Chinese small and medium enterprises and financial intermediaries. M. Chabogne, the principal of Euronext N.V, recently pointed out that China was in our priority, which was decided before merging with the New York Stock Exchange, and since then this trend had been strengthened. He also stressed that in Euronext N.V there was a team consisted by eight experts to take charge of Chinese business.
At present, only five Chinese companies were listed on the Paris Stock Exchange, and France is significantly behind other European competitors. London Stock Exchange has attracted 74 Chinese companies, and Frankfurt Stock Exchange has attracted 11. Since the Sarbanes-Oxley Act has been enacted, being listed in Nasdaq are facing increasing difficulties, while more and more opportunities are found in Europe, which is beneficial to France. Chinese small and medium enterprises have more chance to be accepted by Euronext N.V.
From the beginning of this year, some Chinese companies have been listed in Paris Stock Exchange. Although the quantity was quite small, two Chinese companies, China Corn Oil SA and Huacheng Company, have already been listed in growth enterprises of Euronext N.V in March and April. There are three more Chinese companies submitting applications. |
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