Nasdaq Welcomes Yintech Investment Holdings Limited (Nasdaq: YIN) to The Nasdaq Stock Market

NEW YORK, April 27, 2016 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ) announced that trading of Yintech Investment Holdings Limited (“Yintech”) (Nasdaq:YIN) commenced on The Nasdaq Stock Market on April 27, 2016.

Yintech Investment Holdings Limited (Nasdaq:YIN) Rings the Nasdaq Stock Market Opening Bell in Celebration of IPO

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Yintech is the largest online provider of spot commodity trading services in China by customer trading volume in both 2014 and 2015, according to Euromonitor. The company facilitates the trading of silver, gold and other precious metals and commodities for retail investors on three leading exchanges, namely the Shanghai Gold Exchange, the Tianjin Precious Metals Exchange and the Guangdong Precious Metals Exchange, which were the three largest spot commodity exchanges in China in terms of trading volume in 2015, respectively. Yintech provides their customers with comprehensive services, including account opening, investor education, market information, research, live discussion boards and real-time customer support.

“Today we celebrate a major milestone of the company by joining many incredibly innovative companies here at Nasdaq,” said Wenbin Chen, Chairman and Chief Executive Officer, Yintech. “Listing with Nasdaq will further strengthen our market leading position as we continue to offer unparalleled commodity trading services to Chinese investors.”

“Yintech has successfully developed a trusted investment services platform in a highly competitive and fragmented spot commodity trading market,” said Bob McCooey, Senior Vice President, Listing Services, Nasdaq. “We are excited to be the exchange partner for Yintech and many international companies as they aspire to grow their businesses and join the world stage.”

Nasdaq has been the leading exchange for international companies in the U.S. market, particularly companies from the Asia Pacific region. Three Chinese companies have launched an IPO in the U.S. so far in 2016, all on Nasdaq. A total of 100 Chinese companies are currently listed on Nasdaq, representing $199 billion in market capitalization.

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

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Source:NASDAQ, Inc.