중앙데일리

Korea Exchange opens branch office in China

Nov 29,2007
Korea’s stock market operator said yesterday it plans to open an office in China early next year to encourage Chinese companies to list their shares on the Seoul bourse.
Korea Exchange Incorporated said it received approval earlier in the day from China’s securities regulatory agency to set up an office in Beijing. It plans to open the office in the first quarter of next year.
“The Beijing office will pave the way for us to attract more Chinese firms to list their shares in South Korea,” Korea Exchange said in a statement.
The exchange added that the office will help it improve cooperation with securities-related agencies in China.
Korea Exchange’s move comes as exchanges worldwide boost their presence in China because companies in the world’s fastest-growing economy have been aggressive in raising capital at home and abroad through initial public offerings.
Korea Exchange has been encouraging more listings by foreign companies to help it become a global bourse operator. On Monday, Chinese textile company Huafeng Textile International Group listed its shares on Seoul’s main bourse. Shares of 3NOD Digital Group, a Chinese audio speaker maker, have traded on the Kosdaq since August. Yonhap


dictionary dictionary | 프린트 메일로보내기 내블로그에 저장