NASDAQ to seek Shanghai listing?

Amidst the doom and gloom comes a shimmer of hope for the Shanghai bourse. NASDAQ OMX Group, the world's largest global exchange company which operates the second largest stock exchange in the U.S., eight stock exchanges across Europe and owns a third of the Dubai Stock Exchange, is seeking a Shanghai listing — a move that is said to suit policy planners here just fine as they have been long been looking at the possibility of attracting multinationals to list on mainland China. NASDAQ has already signalled its intentions to the China Securities Regulatory Commission and Shanghai Stock Exchange, but the exact timing and nature of the listing remains under discussion.