NYSE set to list on Shanghai exchange

The New York Stock Exchange may become the first foreign company to sell shares on the mainland A-share market, Caijing said, citing unnamed officials at the China Securities Regulatory Commission.

NYSE's market value, performance in stabilising the market and standardised management made it a likely candidate to get mainland regulatory approval to become the first foreign firm to list there, it said.

The Shanghai stock exchange had said it was considering listing multinationals such as HSBC Holdings, Coca-Cola and Siemens.

NYSE also 'strongly hoped' to get onto the mainland stock market, it said. NYSE won CSRC approval to set up a representative office in Beijing last year.