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Manufacturing is still critical to the economy United States. Clyde Prestowitz, says it's time to start realizing the positive spillovers that manufacturing creates... Read more  

Events & Activities

Stephen Olson at Chinese Development Institute Conference

 

 Clyde Prestowitz giving presentation to CDI...

 

Steve Olson teaching trade negotiations at the Mekong Institute...

 

Stephen Olson to speak at upcoming workshop organized by the International Institute for Trade and Development on 

"Economics of GMS Agricultural trade in goods and services towards the world market"

Chiangmai, Thailand Sep 8-12.

(6/30/11) Prestowitz on China's Cross-Listing on Global Stock Exchanges

Shanghai Pushes Deals To Quietly Challenge New York

China is quietly chasing deals with Brazil, Russia and other big emerging-market stock exchanges to allow cross-listings, part of its drive to turn Shanghai into a financial center rivaling New York.

The Shanghai Stock Exchange and Brazil's BM&FBovespa, Latin America's top securities exchange, inked a pact in February that many believe will lead to cross-listings. If that happens, Brazilian giants like iron ore exporter Vale (VALE) could list yuan-denominated shares in Shanghai and access Chinese capital. Chinese firms could list in Brazil.

Gary Kleiman, an emerging-markets analyst, says China is informally discussing similar cross-listing deals with Russia and various Southeast Asian countries.

"You already have major Russian and Brazilian listings (in Hong Kong dollars) on the Hong Kong Stock Exchange," said Kleiman, who runs D.C.-based Kleiman International. "It would make sense to carry some alliances and cross-listings generally into (China's) securities sphere."

Click here to read the entire article at Investor's Business Daily.

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Latest Publications


The Betrayal of American Prosperity.


The Trans-Paific Partnership and Japan.


Making the Mexian Miracle.


Industrial Policy and Rebalancing in the US and China.


The Evolving Role of China in International Institutions.

 

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