LSE to open Beijing office

The London Stock Exchange (LSE) will open a representative office in Beijing this week, the Financial Times reported. The FT, quoting anonymous sources, said the new office will almost certainly open on schedule, although the possibility of a regulatory hold-up remains. Both NYSE Euronext – the holding company created by the combination of NYSE Group and Euronext – and Nasdaq have opened offices in China in the last year. The LSE trails the NASDAQ and NYSE in Chinese listings. NASDAQ has 55 Chinese listings valued at US$56 billion while NYSE has 39 with a value of US$30 billion. London now has six Chinese listings. The LSE office in Beijing is expected to market the London exchange to Chinese companies seeking to go public.