| NYSE Group last month signed an agreement with the Economic and Trade Commission of China’s Jiangsu Province, one of China’s most economically developed provinces. Under the agreement, Jiangsu’s Economic and Trade Commission will promote the NYSE as the U.S. stock exchange of choice for Jiangsu-based companies intending to list in the United States. The NYSE, in turn, will make Jiangsu a priority province in China, providing training programs for Jiangsu-based firms to prepare for listing on the NYSE.
Jiangsu’s Economic and Trade Commission — a government agency that oversees the province’s economic, trade, foreign investment and financial affairs — aims to help local companies raise capital abroad for greater development and international growth. Jiangsu Province is home to a number of leading private companies that are seeking more exposure to investors globally.
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