The Beijing representative office of the Roentgen Exchange officially opened the British Prime minister to the scene

Source: Internet
Author: User
In terms of the number of listed companies, the company has become the first target market for Chinese companies to go overseas, the first official visit to China on January 18, when Gordon Brown, the British prime minister, unveiled the Beijing representative office of the London Stock Exchange (hereinafter known as the Roentgen Exchange), It became the third exchange to set up an office in Beijing following the New York Stock Exchange and Nasdaq. The establishment of the Beijing representative office of the Roentgen Exchange, which aims to provide more help to Chinese companies already listed in the company and to attract more Chinese companies to the market, has also highlighted the importance and support of the British Government for the development of the country. While the New York Stock Exchange and Nasdaq are generally recognised as international financing platforms for Chinese companies, in terms of quantity, the company is now the largest target market for Chinese companies to list overseas. By the end of 2007, a total of 68 Chinese companies had been listed on the market, surpassing the number of Chinese companies attracted by any other stock exchange. In 2007 alone, 17 Chinese companies were listed on the company's stock exchange, with a total financing of $1.9 billion and an average of $112 million. But the biggest attraction for Chinese companies is not the alternative board, but the Alternative Investment market aim (investment harsh). For example, of the 68 Chinese companies listed on the market, 62 are on Aim, and only six are listed on the main board, and no large Chinese company has landed on the motherboard again for three years since November 2004, when China International Airlines has been listed on the motherboard. January 16, the SFC chairman Shang Fulin in the national Securities and Futures Regulatory conference, said that in the first half of this year to launch China's gem market; Last December 17, the Singapore Exchange also launched the gem-Kelly board. Moreover, the two markets will largely draw on the successful experience of the aim market, while its political, geographical and linguistic advantages are far from the reach of the Roentgen, and it is still unknown whether the future Aim market can remain in good position. In this respect, the London Stock Exchange CEO Gao Leiya (Clare Furse) told Caijing reporter that the aim market to attract a large number of overseas small and medium-sized companies to list the winning weapon is a unique principle-oriented regulatory model, the sponsor system and low-cost financing costs, and this element may not be widely replicated. First of all, the sponsor supervision model needs the country's intermediary market is sufficiently developed, there is a group of experienced, by the exchange and investors trust of the sponsor team. Secondly, the AIM market investor structure is very special, 60% for institutional investors, 20% for retail, 20% for listed companies themselves hold, such investor structure makes the market relatively stable and rational. At the same time, if institutional investors investing in the aim market remain unchanged for two years, the British government also allows it to waive capital gains tax, which has also facilitated more institutional investors to stay in the aim market without making shortPeriod of investment. At the same time, Jiangnan, chief representative of the Beijing office of the company, said that although no Chinese companies landed on the motherboard, the average IPO financing of many companies on Aim had reached more than $100 million trillion, a scale comparable to that of other market boards. Moreover, because of the promotion mechanism of the aim market of the company and the motherboard, listed companies can use the AIM market as a springboard to ascend to the motherboard after growing to a certain stage. For example, Chinese companies with four aim markets are now preparing to ascend to the motherboard.

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