The U.S. stock market Nasdaq has received Chinese government permission to open a representative office in Beijing as more companies from China issue shares abroad.

China originally agreed in December to let Nasdaq Stock Market and the New York Stock Exchange open offices in Beijing.

Nasdaq says 49 Chinese companies are traded on its market and China could soon become its biggest source of non-U.S. listings.

Chinese companies have issued shares on U.S. and European markets to raise money and increase their visibility abroad.

Eric Landheer, Nasdaq’s head of Asia Pacific, said in a statement, ‘Having a representative office in China will enhance our ability to provide the highest level of value and service to Chinese companies.’

The illustration shows a sign in New York which says China International Labor Day. Listed on Nasdaq. And that was May 2004. Which you could either call previous or prescient.
Source: Canadian Business Com