NYSE urges US companies to seize capital opportunities from China's growth

New York Stock Exchange's President and Co-chief Operating Officer Catherine R. Kinney Wednesday urged enterprises and investors to seize the mutually beneficial opportunities resulted from China's high economic growth.

"The US marketplace displays a significant increase in the demand for Chinese equities from US institutions and investors," said the president of the world's largest equities market, in a lecture at Asia Society.

"Trading in NYSE has increased from 500,000 shares a day in 2002 to 2.6 million shares a day in 2004," he said.

"To a man and, increasingly, a woman they all discuss the need to have a Chinese strategy, a plan for discovering the Chinese market," Kinney stressed.

China's nearly double-digit economic growth rate has been the fastest in the world, and the Chinese economy has captured the imagination of the world, said Kinney.

Kinney emphasized that US investors now have a very healthy appetite for investing in Chinese companies and the companies based in the Asia-Pacific rim.

On the NYSE, China is the largest source of listed companies from the Asia-Pacific region, where the NYSE has a total of 80 companies representing 10 countries. Among the companies, 30 companies are listed from the Greater China region, including 16 from mainland China, nine from Hong Kong, and five from Taiwan. The total global market capitalization of the 16 NYSE-listed Chinese companies from the mainland is 334.9 Billion dollars.

Source: Xinhua