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NASDAQ president 'relieved' by China's growth

(Xinhua)
Updated: 2009-03-18 23:50

Magnus Bocker, president of NASDAQ OMX Group Inc, said in Beijing on Wednesday he felt "relieved" to see that China's economy maintained growth momentum amid the global downturn.

Related readings:  NASDAQ expects more IPOs at year's end  NASDAQ eyes up Shanghai  Nasdaq opens office to lure more Chinese firms

US-based NASDAQ is a global exchange company that provides trading, technology and other services.

Bocker, who visited China during a tour of Asian financial markets, said more than 20 Chinese companies listed on NASDAQ last year and he believed others would follow suit.

He also said that global activity in the initial public offering (IPO)  market would pick up later this year or early next year and Chinese technology, education and pharmaceutical companies might play a leading role in the next wave of IPOs.