Nasdaq to Launch China Equities Index – Anuj Gangahar
From Financial Times:
The Nasdaq Stock Market said on Tuesday it will launch an index designed to track the performance of the largest Chinese companies whose securities are actively traded in the US.
Nasdaq said it will introduce the index during the second quarter this year with an initial 30 companies with a combined market capitalisation of over $600bn.
The new index will serve as a useful benchmark of the performance of US-listed Chinese companies and is designed to provide greater transparency. Nasdaq along with rival New York Stock Exchange are looking increasingly eastwards as they seek to grow their lucrative listings businesses.[Full Text]