A record number of Chinese enterprises are
expected to list on overseas stock markets in 2007 as more and more domestic
companies show their intentions to go public overseas.
"The number of Chinese companies listed overseas will see a record this
year," said Yang Ge, the New York Stock Exchange's (NYSE) Asia-Pacific executive
In the past week, two Chines
solar energy enterprises, LDK Solar Co and Yingli Green Energy Holding Co Ltd,
successfully made their initial public offerings (IPOs) on NYSE.
Yang said that a total of six Chinese enterprises have listed on NYSE so far
this year, a sharp increase from last year's four.
Xu Guangxun, chief representative of Nasdaq Stock Market Inc in China, said
10 Chinese enterprises have gone public this year already, while only nine did
so in all of 2006.
In addition to the United States, some Chinese enterprises also selected
London as their listing place. According to Zhu Xiaojian, head of the London
Stock Exchange in Asian-Pacific region, 60 enterprises from the Chinese mainland
listed on the exchange and the number is expected to exceed 100 by the end of
Some Chinese companies also made their IPOs in Japan, South Korea and
On March 30, Shandong Gongyou Group Joint Stock Co Ltd was successfully
listed on the Frankfurt Stock Exchange (FWB), which was the first IPO carried
out by Chinese company in Germany.
Asia Media Co. Ltd., a Chinese company specialized in providing media and
publishing related technology, went public on the Tokyo Stock Exchange in April
this year, making it the first Chinese company listed in the country.
On June 1 this year, China's Huafeng Textile International Group, was granted
approval by the Korea Exchange to list its shares in
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