News: China woos India Inc to list on its bourses
(BL 20/04/2006) Beijing - Beijing Equity Exchange Market (BEEM) has invited Indian companies to get listed on its bourses, which would enable India Inc to participate in China's equity market.
BEEM is a Government entity that identifies and sells state-owned Chinese companies as well as trades in the equity market.
The suggestion was mooted by a senior BEEM member at a meeting organised by the Asian Capital Forum for the visiting CEO delegation led by the Federation of Indian Chambers of Commerce and Industry (FICCI) President, Saroj Kumar Poddar.
Common standards
This will not only allow Indian companies to participate in the Chinese equity market but also enable them to acquire Chinese companies put on the block. Earlier in a meeting the Assistant Commerce Minister, Chen Jian, told the Indian delegation to work out common standards in areas of software and radio frequency identification device.
He also pointed out the need to have common accounting standards. In an interaction with FICCI delegates, Shaeng Huaren, Vice-Chairman, National Peoples Congress, told Poddar that a visit by a group of Parliamentarians from India would help enhance understanding between political leadership.
Chinese desk
The chamber informed the Chinese leadership that it would set up a Chinese desk at FICCI office in Delhi. The chamber also added that it would present a paper on alternate energy sources with special emphasis on biofuels. Besides, Indian and Chinese companies will soon be participating in trade fairs being organised in the two countries.
On Tuesday, FICCI signed a memorandum of understanding (MoU) with China. The MoU was inked with Beijing Investment Bureau to explore ways for co-operation between companies of both the countries.
BEEM is a Government entity that identifies and sells state-owned Chinese companies as well as trades in the equity market.
The suggestion was mooted by a senior BEEM member at a meeting organised by the Asian Capital Forum for the visiting CEO delegation led by the Federation of Indian Chambers of Commerce and Industry (FICCI) President, Saroj Kumar Poddar.
Common standards
This will not only allow Indian companies to participate in the Chinese equity market but also enable them to acquire Chinese companies put on the block. Earlier in a meeting the Assistant Commerce Minister, Chen Jian, told the Indian delegation to work out common standards in areas of software and radio frequency identification device.
He also pointed out the need to have common accounting standards. In an interaction with FICCI delegates, Shaeng Huaren, Vice-Chairman, National Peoples Congress, told Poddar that a visit by a group of Parliamentarians from India would help enhance understanding between political leadership.
Chinese desk
The chamber informed the Chinese leadership that it would set up a Chinese desk at FICCI office in Delhi. The chamber also added that it would present a paper on alternate energy sources with special emphasis on biofuels. Besides, Indian and Chinese companies will soon be participating in trade fairs being organised in the two countries.
On Tuesday, FICCI signed a memorandum of understanding (MoU) with China. The MoU was inked with Beijing Investment Bureau to explore ways for co-operation between companies of both the countries.
posted by InCar Group Press Room at 12:28
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