London Stock Exchange (LSE) chief executive Gavin Casey is to visit China next week in a bid to attract more mainland companies into listing in London, despite poor international investor sentiment towards Asia.
Following the listing of four Chinese companies in the past 12 months, Mr Casey is expected to impress on officials that Chinese firms in London have performed better than those on the New York Stock Exchange.
Since Beijing Datang Power Generation, the first dual London-listed Chinese company began trading in March, it has seen its share price rise 70 per cent.
Yesterday it was trading unchanged at US$3.90.
LSE officials said Mr Casey would be visiting several Chinese firms that are believed to be potential London listing candidates.
At least two mainland companies are believed to be seeking London listings, one of which is thought to be electricity generation firm Shanghai Power.
Mr Casey's visit, which will form part of a tour by financial and services promotion agency British Invisibles, comes at a time when investment banks are reporting that Asian capital markets business is stagnant.
