Nasdaq to launch China index

The Nasdaq Stock Market has decided to launch a dedicated index of Chinese companies listed in the US, and would initially comprise 30 Chinese companies listed on any US exchange.

Nasdaq CEO Robert Greifeld was in China earlier this week to persuade more Chinese companies to list on Nasdaq. Incidentally, Greifeld had visited India last year as part of the exchange's efforts to attract more Indian companies to list on the Nasdaq.

Out of a total of around 120 Indian companies listed overseas, there are just seven companies listed on the Nasdaq including Infosys, Sify and Rediff, while there are ten Indian firms listed on the NYSE.