Nasdaq will be revealing an index aimed at keeping a tab on the performance of Chinese companies whose securities are actively traded in U.S. The index will be unveiled in the second quarter of 2007 and around thirty companies with a combined capitalization of more than $600bn will become a part of it.
This will ensure two things- firstly it will act as a yardstick for performance of U.S listed Chinese companies and secondly offer a greater level of transparency. It also looks that Nasdaq is taking its competition with NYSE seriously since both of them are fighting to achieve greater growth in the listing business which is quite lucrative.
Since China is all set to emerge as the fourth largest economy in the world this index will be helping investors around the globe to follow companies in a range of industries which have helped in giving a push to world’s fastest growing and most successful economies in the last twenty years.
Via ft
