Stocks News
- NASDAQ has new management for China
Date: 15-Mar-2007 Sources: (Shenzhen Daily)
THE NASDAQ Stock Market has appointed new management in Asia, seeking to boost listings by companies in China and elsewhere in the region.
Eric D. Landheer was made Head of Asia Pacific, based in London, the exchange said in a statement yesterday. He was previously managing director for new listings at NASDAQ.
Xu Guangxun becomes the company's co-chief representative in China, based in the country. Xu was previously a consultant in China and NASDAQ's managing director for Asia between 1994 and 2004.
NASDAQ currently has 38 companies from China with a market capitalization of about US$30 billion listed on its exchange.
Five Chinese firms listed there last year, raising a combined US$534 million, according to market data firm Dealogic, down from seven companies raising US$803 million in 2005.
This year is off to a strong start as three companies, including media and advertising firm Xinhua Finance Media Ltd. and solar cell maker JA Solar Holdings Co., have already raised US$694 million on NASDAQ.
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