The Nasdaq Stock Market todayopens an office in
Nasdaq trades the shares of 52Chinese companies with a combined market capitalization of $57 billion.
Nineteen of them have joinedNasdaq so far this year, compared with nine in 2006, and there will be at leastone more listing by the end of 2007, Guang Xu, Nasdaq’s managing director for
Stock exchanges around the worldare trying to lure Chinese firms to list with them as investors seek tocapitalize on the rapid growth of the world’s fourth-largest economy.
Xu described the 2008 pipeline ofinitial public offerings of Chinese firms as strong, especially forenergy-related companies, but declined to put a figure on it.