NYSE marks 30th anniversary of U.S.-China diplomatic ties

"There is always years like this in global markets where it is a very very tough ride. I think there are a lot of terrific companies in China. They either already listed or are in the queueto be listed, and we're gonna continue to support them through the ups and downs," Niederauer said, "I believe their fortunes will improve overtime and we just need a long-term outlook of it."

The national flags of the United States and  China wave out of the New York Stock Exchange  (NYSE) in New York, the United States, Jan. 5,  2009. NYSE kicked off its trading session with  a special ceremony marking the 30th anniversary  of the establishment of diplomatic relations  between the United States and China. Stephen A.  Orlins, president of the U.S. National Committee  on U.S.-China Relations (NCUSCR), rang the  market's Opening Bell.(Xinhua Photo)

NYSE was the first foreign exchange to receive approval to open a representative office in China. After the opening of its Beijing office on Dec. 11, 2007, NYSE has signed memorandums of understanding with China's Dalian Commodity Exchange and Zhengzhou Commodity Exchange in co-operations in the futures and options markets.

Among the guests to the Monday ceremony were Peng Keyu, Chinese consul-general in New York, and Jan Berris, vice president of the NCUSCR.

Editor:Zhang Ning