100 Chinese firms to list on LSE by 2010; CIC and SAFE show interest in London real estate
Posted by Editor on June 28, 2008 at 06:54 AM
China Daily reports that, “There will be 100 Chinese companies listed on the London Stock Exchange (LSE) by 2010, jumping from the existing 74, the Lord Mayor of the City of London [David Lewis] said on Friday.”
According to the article, Lewis also said that the China Investment Corporation (CIC) and the State Administration of Foreign Exchange (SAFE) have both shown interest in London’s property market.
“CIC’s spokeswoman Bai Xiaoqing said that the sovereign fund spoke about such investment opportunities with the City of London but has not made any material investment so far,” the article adds.
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