GE, Vale may list in China

Published: 15 Sep 2009 02:02:01 PST

US-based General Electric Co (GE) and Brazilian mining giant Vale are mulling the possibility of publicly listing in the Chinese mainland, according to a report from Wenhuipo Tuesday.

"Several companies, including GM and Vale have showed great interest and consulted us about details for listing in China," said Wu Changgen, chairman of Credit Lyonnais Securities Asia (CLSA) China market.

"They forecast that supervision in the Asia market will ease gradually," he said, adding that CLSA has introduced Vale to the China market funds manager.

In addition, Wang Jianzhou, chairman of China Mobile confirmed recently that the Shanghai Stock Exchange is preparing for the launch of its international board.

CLSA plans to develop its securities brokerage business in China from the start of next year.

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