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Thursday, May 14, 2009

Nasdaq expects listings from China

Depending on Beijing's willingness to keep allowing Chinese firms to list overseas, Nasdaq OMX executive Robert McCooey said, he expects roughly 20 such companies to list with both Nasdaq and the New York Stock Exchange during the next year. "It depends on how China interacts with global markets and if they are going to push companies to list domestically or in Hong Kong," McCooey said.

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