Nasdaq Ponders Listing in China
Nasdaq OMX Group has plans to become listed on the Shanghai Stock Exchange as soon as foreign companies are allowed to do so, a company spokesman said. However, the timing for allowing non-domestic firms onto the Chinese stock markets is not clear. Under the WTO agreement signed in 2001, China promised to open its financial industry and implement new regulations to the extent that such a listing would become possible. The Nasdaq OMX Group operates the Nasdaq technology stock market in the United States and eight other stock markets in Northern and Eastern Europe.
Ping An Eyes RBS Stake
China's second-largest insurer Ping An may bid for a stake in Royal
Bank of Scotland, the Observer newspaper reports. The UK bank said it
will sell shares worth USD23.8 bn to "European investors" to cover its
write downs. Six other companies, including AIG and Zurich Financial
Services, are also reportedly considering bidding for a stake.
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