The London Stock Exchange（LSE) looks forward to increasing the number of Chinese companies listed from 74 to 100 by 2010; and has seen a strong interest from Chinese companies to list there.
David Lewis, the Lord Mayor of London, said during his China visit recently that China is a very important market and London wants to persuade more Chinese companies to list there.
Currently more than 700 foreign companies from 70 different countries are traded on the London Stock Exchange. Among them 74 are from China, and 68 of them listed on AIM, the growth market of the London Stock Exchange.
Jiang Nan, chief representative of the LSE's Beijing office, is very confident that the number of Chinese companies on the LSE would grow to 100 by 2010, a goal agreed on by the governments of the two countries. "We have seen a strong interest from Chinese companies to get listed on the LSE," she said.
Jiang has noticed emerging trends in the prospect of more Chinese companies going public on the LSE this year. Some companies on the AIM will transfer to the main market. Some are considering listing on both the LSE and Borsa Italiana which has been acquired by the LSE. And more mega-projects will be listed.
"Chinese companies are doing well on the LSE," said Jiang. "Of course for any particular company, the most important thing is you've got to have a good equity story to attract investors."
In addition to big cities like Beijing, Shanghai and Tianjin, Mr. Lewis' China trip also includes his first visit to Xiamen and Changsha, medium-sized cities in southern coastal areas and in the central part of the country.
According to the press officer of the City of London, they chose these two cities because Xiamen had many SMEs and would have a greater influx of Taiwan investment and Changsha had growing heavy industry.
Mr. Lewis' delegation includes more than 40 members from over 30 British businesses, ranging from the LSE, banks, law firms, and accounting firms.
By People's Daily Online
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