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Frankfurt bourse seeks Chinese listings

Deutsche Borse Group, the world's fourth-largest stock exchange located in Frankfurt, is inviting Chinese firms to list.

However, many Chinese companies say they prefer to list locally because of higher profits, lower expenses, and a relatively simple and quick government approval process.

Hundreds of delegates, including local government officials, company representatives and accounting experts, attended a meeting held by Deutsche Borse Group in Hangzhou.

"It is the first time we are promoting in China. We are targeting coastal cities, such as Wuxi, Hangzhou and Shanghai, where the economy is developing more quickly compared to other places in China," said Ruan Yuxing, senior accounting manager of Deutsche Borse Issuer Relations.

Till April 16th, only one Chinese firm has been listed on the Deutsche Borse. Shandong Gongyou Group Co Ltd, the multi-purpose lathe producer, began trading on the Frankfurt exchange on March 30, this year.

"It is a good opportunity for Chinese companies to get acknowledged in the world through listing overseas. Besides, the cost for listing in Frankfurt is much lower than that of London," Ruan said.

According to statistics compiled by Deutsche Borse Group, listing for a company in Frankfurt is about 8.7 percent of its total capital raised, while in London, the percentage is 11.7 percent.

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