The Analysis on Stock Exchanges' Competitiveness of Attracting Foreign Companies in China

To attract foreign companies listing in domestic markets is the necessary requirement of the internationalization of stock markets and the establishment of an international financial center in China.Using the influencing factors of stock exchanges' competitiveness,this paper establishes an empirical model to forecast stock exchanges' competitiveness of attracting foreign companies in China.The forecast based on current macro environment and the conditions of stock exchanges shows thatstock exchanges in China could accommodate the listing needs of 49 foreign companies on average,and the ones of 322 foreign companies in the best case,which is close to the number of foreign companies listing in NASDAQ.