PROSPECTS are looking up Down Under for China companies seeking to list on the Australian Stock Exchange, according to Price Waterhouse partner Ian Armstrong.
Mr Armstrong is in the territory putting the final touches to the latest mainland addition to the Australian market and believes other companies are also considering antipodean exposure.
While he did not disclose the name of his client, he said it was an industrial group with a market capitalisation of between A$60 million (about HK$341.06 million) and $80 million.
The Australian exchange is one of many worldwide seeking the participation of China's burgeoning corporate sector.
A recent Beijing seminar for the nascent capitalist classes of China was attended by a global panel of speakers with strong representations from regional and American exchanges.
Mr Armstrong, a corporate finance partner with the company's Australian division, said: 'We have a very active, well-informed market. There is a willingness for both underwriters and Australian exchanges to pursue foreign listings, which include companies in China.