Bloomberg: Wal-Mart might list stock in China.Bloomberg News reports that Wal Mart Stores Inc. may be one of a dozen Western companies joining China's stock exchanges. A UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System strategist based in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. told Bloomberg that he expected the retail giant, along with other U.S. companies such as Coca-Cola Co. and General Electric Co., to offer shares in "the yuan-denominated A-share market." By joining the nationalized markets, Wal-Mart could see higher valuations in China. Bloomberg points out that the Shanghai Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". , boosted by increased lending, has traded at twice the price-to-earnings ratio of the S&P 500 Index on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . |
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