APX Helps Chinese Companies List in Australia.docVIP

APX Helps Chinese Companies List in Australia 　　There will have one more choice for Chinese companies that are seeking for the initial public offering （IPO） outside China -- Australia’s Asia Pacific Stock Exchange （APX）. During the 2008 global financial crisis， Wang Renqing， chairman of the board and CEO of AIMS Financial Group， bought out the bourse and replaced its original trading and operation rules， as well as its trading system. 　　Currently， the bourse adopts Nasdaq OMX trading sys- tem， which allows trade in the Australian dollar and the yuan at the same time， helping investors evade the exchange rate risks. 　　With the signing of Sino-Australian FTA， the two countries embrace new opportunities for the cooperation and development in the financing field. Wang says that in a move to achieve the internationalization of the yuan， Chinese companies should treat the strategy of “going global” as their top priority. 　　Following two Chinese companies’ successful IPOs in Australia through the APX， Australia Sandia Jinnai Cultural Development Holding Co.， Ltd. also plans to debut on the bourse in this March， with approval from the Australian Securities and Investment Commission （ASIC）. The comprehensive Chinese-run company specializes in the marketing and industrial development of Chinese intangible cultural heritage projects represented by Teochew Embroidery. 　　 Australian IPO market beckons Chinese Growth Companies 　　The APX is the only bourse wholly owned by a single group in the world， as well as the only oversea bourse wholly controlled by a Chinese-run enterprise. In August 2007， AIMS Financial Group sold part of its assets for a consideration of 400 million Australian dollars. 　　One year and a month later， when the global financial tsunami broke out， the group bought out the Pacific Stock Exchange at a relatively low price and renamed it Asia Pacific Exchange Limited. 　　According to Wang， as the APX highly values companies’growth， the IPO threshold is