NYSE Euronext wants to be the first American company on the Shanghai International Board

Securities Times reporter Li Qingshang, May 13, Tim Duncan, chief executive of NYSE Euronext, said in Beijing that the new situation in the US market since the end of March was encouraging and that the market had been very stable for the past 6-7 weeks.　　He also said the NYSE Euronext group was very supportive of the Shanghai Stock Exchange's preparation of the international board and hoped to become the first American company to be listed. In the past regimen, the optimism in the US market has been growing and has led to optimism around the world, said Duncan Orr. The public is of the opinion that the Government's response to the crisis is very strong, although expectations are actually very high. 　　The IPO market has now reopened, with 3-4 IPOs already in the pipeline and several IPO projects in rapid progress. Duncan Orr's trip to China was mainly in Shanghai. To achieve its ambition of becoming a major financial centre in the world in 2020, Duncan Orr believes the goal is realistic and will have plenty of time over the next 10 years to achieve it. Duncan, who says he is bullish on China for a long time, thinks China has a large number of high-quality companies and is now or will be able to raise funds effectively in China or the US and European stock markets to further boost its growth.　　As a partner of the SSE, NYSE Euronext has signed a memorandum of understanding with the Shanghai Stock Exchange, which is currently discussing issues such as the listing of international boards and the introduction of ETF funds. Duncan Orr said the NYSE's earnings in the first quarter of 2009 were down 50% from the first quarter of last year, but better than analysts ' forecasts. 　　In view of the difficulties currently facing him, he expressed satisfaction with the results and considered that some progress had been made in cost control, and that the focus of the work now was on new initiatives to expand markets and control costs. On the issue of IPO standards, he said, since the acquisition of the U.S. stock Exchange is a small-and medium-sized Enterprise Gem, which will allow more companies to join the family, and if the previous standards, these companies can not be listed on the NYSE. In addition, for those companies already listed, the NYSE wants to keep their listing status. The NYSE has thus changed some of its standards, making it easier for these companies to meet the NYSE's standards in terms of listing and maintaining their listing status.