Tokyo Stock Exchange directors: China's stock market and Japan's similar to.

<P> Now China is not a bubble economy, no one that bad, if you do not crash, you never know it is not a bubble ...</ P> <P>: http:// News, Tokyo Stock Exchange, Managing .executive director, said two days prior to water life, the year in the Chinese stock market and the Japanese stock market bubble economy "where there is very close," but the existence of the bubble, "no one that bad." .</ P> <P> attending the "2007 China International Capital Market Forum" gap, water Second Life, said: "China's current stock price high, then there may be very close to Tokyo --- Tokyo where the bubble economy, .more than the market value of New York; world's top ten banks, several Japanese banks; shares have been rising, money can buy at any time; housing prices soon. the original and now Japan, like China, funds are flowing to the property market and the stock market .to go, the economy is very, very good. But now that China is not a bubble economy, no one that bad, just as Greenspan said, if you do not crash, you never know it is not a bubble. "</ P> <P .> He said that currently Japanese investors "very strongly want to invest in the Chinese market," not only concerned about the A shares, is also concerned about the H shares; not only concerned about the stock, but also concerned about the ETF. ."Investment diversification to spread risk for the needs of Japanese investors concerned about the global markets, but China is very hot, so they are interested in investing in China. Of course, the 'bubble economy', the term has often been raised, but the economic .growth is cyclical, the investment is a long process. Japanese investors are very confident in China, so China is interested in investing. "</ P> <P> since the 90s of last century, to set off a global exchange .an merger wave, long ago, the New York Stock Exchange, Euronext acquired. .Second Life water that, because the policy reasons, Asian exchanges in the equity level of cooperation is clearly not as easy as in Europe and America, but the exchanges in Asia, "but also to unite." .He believes that, compared to European and American Stock Exchange used to make their own "boss" model, should exchanges in Asia through the "mutual win" model together --- not necessarily the same as mergers and acquisitions in Europe and America, but businesses can complement each other to create his own .characteristics, and then jointly develop and build the Asian financial markets. ."In the future, we are going to Shanghai, Shenzhen, Korea, Singapore Stock Exchange for further cooperation." </ P> <P> with the NYSE, NASDAQ and HKEx compared to the East China market, where delivery .Progress appears to lag behind. ."Why Chinese companies listed in Japan, very few? Lot of people ask me this question." Second Life water that, when the strong development of Chinese enterprises, the U.S. market is doing well in Japan experienced the pain of the collapse of the bubble economy, it is .This background, making Chinese companies prefer a better market conditions in New York, London and Hong Kong. ."While the TSE is currently ranked the world's second exchange, but the Chinese companies in New York, London, Hong Kong's higher awareness, I can understand but regret." Shimizu said on life, the Japanese economy finally .4 years ago out of the doldrums, so now the Chinese enterprises, Tokyo is also a good choice, and, after 10 years of downturn, the East Exchange, the listed policy has been adjusted, the listing threshold decreased. .</ P> <P> Second Life water that East Exchange welcomes Chinese companies to compare two types: one is returned to stay at the company founded by entrepreneurs, and second, more business with Japanese companies. .In his view, these two types of enterprises in Japan is clearly more valuable on their own, they are more understanding of Japan's capital markets. .</ P> <P> just the past year, the Asian media and two Chinese companies to achieve China Boqi East Exchange in the listing. .According to Shimizu said, the East TSXV 65-70 times the average market price-earnings ratio, the Asian media to obtain a price-earnings ratio of 23 times the issue of pricing, listing its shares in the three months rose 3.5-fold; motherboard market average price-earnings ratio of 20-25 times .China Boqi issued 20 times earnings, the stock market after the performance is quite impressive. .</ P>.