Asia Pacific Stock Exchange eyeing listings from China

Sydney

JUST two companies are listed on the Asia Pacific Stock Exchange (APX) in Sydney, and it has to rely on its biggest Australian rival to clear and settle trades.

But that has not diminished the ambitions of George Wang, the chairman of the AIMS Financial Group, which acquired the exchange in October 2008. Mr Wang, who arrived here from China in November 1988 as a 26-year-old English language student, hopes to capitalise on the voracious appetite for stock market listings by Chinese companies despite the recent downturn.