Japan bourse wants China listings

Ten Chinese companies could list in Japan according to the chairman of the Tokyo Stock Exchange (TSE), the Financial Times reported. Taizo Nishimuro said that by listing in Tokyo, the Chinese companies could take advantage of ?the abundant flow of money? into financial assets taking place in the country. The TSE is trying to regain credibility lost through a string of recent problems, which culminated in the forced closure of the exchange in January. Attracting international companies to what is after all the world's second biggest bourse has been highlighted as part of this reinvention process. Since 2001, only two foreign companies have listed on the TSE ? Chinese financial services company Xinhua Finance and Korean steelmaker Posco. Overseas firms have been put off the Japanese markets due to scant interest in foreign stocks among traders but the potential of the fast-growing Asian economies has prompted a TSE charm offensive.