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NYSE Euronext Announces Official Grand Opening of Office in Beijing, China
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—Duncan Niederauer to host official opening on his first international trip as CEO—
—Senior China and U.S. government officials and heads of Chinese NYSE-listed companies to participate in historic ceremony on Tuesday, December 11—
New York and Beijing, Dec. 2, 2007 -- NYSE Euronext (NYX) Chief Executive Officer, Duncan L. Niederauer, on his first international trip since becoming the company’s CEO, will host the official grand opening of the company’s representative office in Beijing, China on Tuesday, Dec. 11, 2007. Joining Mr. Niederauer for this historic ceremony will be senior Chinese and U.S. government officials, CEOs of several NYSE-listed Chinese companies, and other invited guests.
"It is an honor for the NYSE to be the first foreign exchange to have approval to open a representative office in Beijing, and we greatly appreciate the opportunity to officially open our office in Beijing and to further strengthen our relationship with the People’s Republic of China and its business community," Mr. Niederauer said. "We especially want to thank the China Securities Regulatory Commission for their ongoing support and the outstanding Chinese enterprises that we are privileged to list on the NYSE."
On Sept. 4, 2007, the New York Stock Exchange was announced as the first foreign exchange to gain approval by the China Securities Regulatory Commission (CSRC) to open a representative office in Beijing. The new office will be occupied by the company’s staff and will become the NYSE’s center of operations for advancing the company’s brand and service to its listed companies in China.
The New York Stock Exchange currently has 49 companies from Greater China, which includes 38 from Mainland China, 6 from Hong Kong and 5 Taiwanese companies. This year, 16 new companies from Greater China have listed on the NYSE, including 14 IPOs. As of Nov. 30, 2007, the total market capitalization of Mainland Chinese companies on the NYSE is $1.1 trillion and for greater China, $1.6 trillion.
Christiaan Brakman
Media Relations, NYSE Euronext
212-656-2094 cbrakman@nyse.com
Damon Huo, Xinua Finance
Xinhua Finance (China)
damon.huo@xinhuafinance.com
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 $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 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.
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