Nasdaq to add more chinese counters

The Nasdaq Stock Market expects to add more Chinese firms this year to the 11 already listed on its exchange, officials say.

'There are five more companies in the pipeline this year in a variety of sectors including technology, automotive and finance,' said Stuart Patterson, Nasdaq's senior managing director for Asia-Pacific.

Nasdaq hopes to convince more state firms to list with it instead of on the New York Stock Exchange or in Asia.