Xu Jin, Chief Executive Officer of Guotai Asset Management, presides over the NASDAQ Opening Bell.
Guotai Asset Management has executed an exclusive licensing agreement with NASDAQ OMX to use the NASDAQ-100 Index in the development of an exchange traded product in China. The announcement comes as demand for indexed overseas products in China is rapidly developing. Subject to regulatory approval, this NASDAQ-100 Index-linked product will be the first foreign index-linked financial product traded in China.
About Guotai Asset Management:
Guotai Asset Management Co., Ltd. was founded in 1998 as one of the original asset managers in China. A fully licensed asset manager, Guotai is also an authorized manager for social security, corporate annuity, QDII, and segregate accounts in addition to a full spectrum of mutual fund products. Headquartered in Shanghai, the company has locations in Beijing and Shenzhen.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,900 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, NASDAQ OMX Baltic, including First North; and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs.
NASDAQ OMX Group technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.