Nasdaq Turns to "Incredibly Strong" Pipeline of Chinese Firms

Tuesday, 3 Apr 2007 | 2:10 PM ET

Robert Greifeld, president and chief executive officer of Nasdaq, told CNBC’s “Squawk on the Street” that 40 Chinese companies with a total market cap of about $30 billion have listed on the exchange to date.

“The pipeline is incredibly strong,” Greifeld said Tuesday.

He declined to speak directly about a possible joint venture with Chinese stock markets, but noted, “As I travel around the Asia-Pacific region, it’s very common to see Nasdaq as the aspiration for innovative, entrepreneurial companies. We’re here to service that need. It’s a very large requirement and a growing requirement. Nasdaq has been successful, and we anticipate the success to increase in the years to come.”

Nasdaq in China
Fresh off ringing the opening bell in Beijing, Robert Greifeld, Nasdaq president & CEO, discusses opportunities for the Nasdaq in China, with CNBC's Erin Burnett

He said Nasdaq has made no decision about its 30% stake in the London Stock Exchange.

“We certainly recognize it’s a valuable asset,” Greifeld said. “It’s an asset that has a certain price point to it. So, we maintain ‘optionality.’ We measure the performance of that management team and we certainly look out for our investment. So far, we’re very pleased.”



  • Showtimes

    United States
    Monday - Friday 9a ET
    Monday - Friday 15:00 CET
    Monday - Friday 21:00 SIN/HK
    Monday - Friday 23:00 SYD
    New Zealand
    Tuesday - Saturday 01:00 NZ
  • Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

  • Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.

  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

  • Co-anchor of CNBC's "Squawk on the Street," David Faber also is a co-producer of CNBC's original documentaries.

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.