US firms eyeing Shanghai

An increasing number of US companies want to list in Shanghai and work with the Chinese authorities on the feasibility of doing so is ongoing, NYSE Euronext Inc CEO Duncan Niederauer has said.

The prospect of a series of major US companies listing on the Shanghai Stock Exchange represents a dramatic reversal of the flow that has seen many top Chinese companies list on US and other foreign exchanges in the past 15 years.

"More and more of our companies are asking us to show them the way to considering a listing in Shanghai," Niederauer told the Reuters Exchanges and Trading Summit in New York on Monday.