Editorial Summary

China's A-shares stock markets fell sharply on Wednesday following global market declines after the US' largest bank Citigroup Inc. announced an US$9.8 billion loss in the fourth quarter of 2007, the largest in its 196-year history, on Tuesday. The Shanghai Composite Index fell 2.81 percent to close at 5,290.6 on Wednesday, while the Shenzhen Composite Index decreased 2.42 percent to close at 1,538.4. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB162 billion and RMB85.5 billion, respectively.

The New York Stock Exchange (NYSE) will look to attract more Chinese companies to list on its exchange, reports 21st Century Business Herald quoting Michael Yang, a NYSE Euronext managing director and head of the company's Greater China & East Asia business. NYSE Euronext opened its first China office in Beijing on December 11, 2007.