New York
The New York Stock Exchange (NYSE) wants to continue to do business with the Chinese community though some Chinese companies chose to have dual listing or go private, according to an executive at NYSE. “Our relationship with China hasn’t changed, and we will hope to continue to be there and continue to do business with the Chinese communities,” said Alex Ibrahim, head of international capital markets at NYSE, on Saturday.
Speaking at an online press briefing, Ibrahim said NYSE has commitment to China while it has an office in Beijing with three people on the ground there. Ibrahim said it’s healthy to have a very dynamic marketplace where “you have shares traded in one time zone, shares traded in another time zone.”
In January, the NYSE triggered controversy by issuing flip-flop announcements regarding the delisting of three Chinese telecom operators, as demanded by an ill-based executive order the former U.S. administration issued in November last year. In recent months.—AFP
