News Releases

New York, Sept. 4, 2007 – The China Securities Regulatory Commission (CSRC) has approved an application by New York Stock Exchange LLC (NYSE), a subsidiary of NYSE Euronext (NYX), to open a representative office in Beijing, China.  The new office will be occupied by the company’s staff in the coming weeks and will become the NYSE’s center of operations for advancing the company’s brand and service to its listed companies in China.

"The NYSE welcomes and appreciates the approval by the CSRC to open our Beijing office,” said John A. Thain, Chief Executive Officer, NYSE Euronext. “It is an honor for the NYSE to be the first foreign exchange to receive approval under the new regulations. This is an historic event for our company and the global capital marketplace, and reflects positively on the progress of the strategic economic dialogue between China and the United States. We look forward to further strengthening our relationship with the People’s Republic of China and to offering the opportunities of our marketplace to the people of China and its business community in order to contribute to the nation’s economic growth and well-being.”

Background: NYSE Euronext in China
The New York Stock Exchange (NYSE), a subsidiary of NYSE Euronext and the premier U.S. listing venue for non-U.S. companies, is privileged to have 40 companies listed from greater China, including 28 from mainland China and seven from Hong Kong.  Currently in 2007, the NYSE has listed eight companies from China.  Moreover, China is one of the largest sources of listed companies from the Asia-Pacific region for the NYSE, which lists a total of 89 companies from 11 countries.

• The total global market capitalization of the 28 NYSE-listed Chinese companies from the mainland is $790 billion, and above $1.0 trillion for the 40 companies from greater China (Market Cap - data as of June 2007).
• Average market capitalization of each mainland Chinese company is $30 billion, ranging from $0.4 billion to $232 billion.
• In Aug. 2007, the NYSE listed WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading China-based pharmaceutical and biotechnology research and development, or R&D, outsourcing company, and E-House (China) Holdings Limited (NYSE: EJ), a leading real estate services company.  Also in 2007, Tongjitang Chinese Medicines Company (TCM) listed on the NYSE, followed by Simcere, Acorn and QXM (LDK listed on 6/1/07 and Yingli Green Energy listed on 6/08.)
• In 2006, NYSE listed four Chinese companies:  New Oriental Education and Technology Group, Inc. (EDU), Mindray Medical International Limited (MR), American Oriental Bioengineering, Inc. (AOB) and Trina Solar Limited (TSL).  In 2005, the NYSE listed Suntech Power holdings Ltd. (STP). Listings in 2004 included China Netcom, Hutchison Telecommunications (HK), and Semiconductor Manufacturing International. In 2003, NYSE listings included China Life Insurance, and Nam Tai Electronics (Hong Kong).
• IPOs:  The five largest global IPO’s by NYSE-listed Chinese companies have raised a total of approximately $16 Billion.        

Company Name                                                                Global Capital Raised      List Date
China Unicom Limited (CHU)                                                $4.9 B                          (06/21/00)
China Petroleum & Chemical Corporation (SNP)                     $3.5 B                          (10/18/00)
China Life Insurance Company Limited (LFC)                         $3.0 B                          (12/17/03)
PetroChina Company Limited (PTR)                                       $2.9 B                          (04/06/00)
Semiconductor Manufacturing International Corp (SMC)          $1.8 B            (3/17/04)                                                                                                 

NYSE-China Partnership Highlights

Jiansu Province

• 5/19/06: NYSE Group Chairman Marsh N. Carter met with Mr. Li Yuanchao, Party Secretary of the Jiangsu Province, Peoples Republic of China, paving the way for the signing of a cooperation agreement between the NYSE and Jiangsu Province.

• 8/8/2006: NYSE Group Inc. signed an agreement with Jiangsu Province’s Economic & Trade Commission to enhance cooperation between the two organizations.

Regulatory Commissions

• In 2006, NYSE Group President & Co-COO Catherine R. Kinney met with Mr. Jiang Dingzhi, First Vice Chairman of the China Banking Regulatory Commission (“CBRC”), and a separate meeting with Mr. Shang Fulin, Chairman of the China Securities Regulatory Commission (“CSRC”).

Heads of State

• 12/8/04: H.E. Wen Jiabao, Premier of the People’s Republic of China, visited the NYSE and rang the opening bell.
• 10/15/04: NYSE CEO John A. Thain met with Premier Wen in China. 
• 04/29/02: President Hu Jintao, then Vice President, visited the NYSE and rang the Opening Bell.  
• 10/ 31/97: President Jiang Zemin visited the Exchange and rang the Opening Bell. 

Exchanges

• 10/15/03: NYSE signed a cooperation agreement (MOU) with the Shanghai Stock Exchange. 
• 10/02: The NYSE supported both the Shanghai and Shenzhen Stock Exchanges in their quest to become members of the World Federation of Exchanges (WFE).

Beginnings

• 11/86: The NYSE pioneered the role of the U.S. capital markets when it organized the China-United States Symposium on Financial Markets in Beijing. That year, NYSE’s then-Chairman John Phelan visited China and met with China’s leader Deng Xiaoping.

About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on  April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services.   NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data.  Representing a combined $30.8 trillion/€22.8 trillion total market capitalization of listed companies and average daily trading value of approximately $127.0 billion/€94.0 billion (as of June 29, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.

Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.