Archives of Peking University News - PKU English - 北京大学

北京大学英语新闻网/Peking University News
NYX CEO Duncan L. Niederauer
Speaks at PKU
PKU NEWS 2009--11—16
http://ennews.pku.edu.cn/news.php?s=258480951
Peking University, Beijing, Nov 16, 2009: On the evening of Nov 3, Mr. Duncan L.
Niederauer, Chief Executive Officer and Director of NYSE Euronext (NYX), invited by
the Guanghua School of Management, delivered a speech on China's capital market
and the world.
Mr. Niederauer was amazed by the economic performance in China, especially
against the background of the ongoing global financial crisis - the government's
effective responses, the unexpected performances of enterprises, and the rising of
consumption index, all of which combined created the first sign of recovery across
the world.
Speaking of the listed Chinese enterprises in NYSE, according to Mr. Niederauer,
"there are 120 companies listed in NYSE are from Asian areas, among which about
75 are from China." Currently Chinese listed companies in NYSE account for more
than 60% of all the listed companies from Asia, and the ratio is expected to continue
to rise. "NYSE and I myself both strongly believe in the grand and thorough
transformation occurring in China."
Since Mr. Niederauer took office as the CEO of NYSE in December 2007, he has
become a regular visitor to China. As the largest stock exchange in the world, NYSE
has been working closely with Chinese companies and government and thanks to
the efforts of Mr. Niederauer, the cooperation has been promoted to a new level. As
one of the members of Shanghai Council of International Financial Advisers, he is
contributing to developing Shanghai into an international financial center. Besides,
NYSE also played a role in the promotion of Growth Enterprise Market (GEM) of
Shenzhen Stock Exchange. Mr. Niederauer said that the cooperation with China's
capital market would be one of the focuses of NYSE in the future.
During his four-day trip to China, he has visited Hong Kong, Shenzhen, Shanghai
and finally Beijing, all of which are the most active centers of China's capital market.
Therefore, he offered advice on the internationalization, modernization and
diversification of China's capital market. He said that it is a great opportunity for
105