Nasdaq Welcomes Yintech Investment Holdings Limited (Nasdaq: YIN) to The Nasdaq Stock Market
April 27 2016 - 1:04PM
Nasdaq (Nasdaq:NDAQ) announced that trading of Yintech Investment
Holdings Limited (“Yintech”) (Nasdaq:YIN) commenced on The Nasdaq
Stock Market on April 27, 2016.
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/954f217b-6829-4fae-8f72-2a9940f5630b
Yintech is the largest online provider of spot commodity trading
services in China by customer trading volume in both 2014 and 2015,
according to Euromonitor. The company facilitates the trading of
silver, gold and other precious metals and commodities for retail
investors on three leading exchanges, namely the Shanghai Gold
Exchange, the Tianjin Precious Metals Exchange and the Guangdong
Precious Metals Exchange, which were the three largest spot
commodity exchanges in China in terms of trading volume in 2015,
respectively. Yintech provides their customers with comprehensive
services, including account opening, investor education, market
information, research, live discussion boards and real-time
customer support.
“Today we celebrate a major milestone of the company by joining
many incredibly innovative companies here at Nasdaq,” said Wenbin
Chen, Chairman and Chief Executive Officer, Yintech. “Listing with
Nasdaq will further strengthen our market leading position as we
continue to offer unparalleled commodity trading services to
Chinese investors.”
“Yintech has successfully developed a trusted investment
services platform in a highly competitive and fragmented spot
commodity trading market,” said Bob McCooey, Senior Vice President,
Listing Services, Nasdaq. “We are excited to be the exchange
partner for Yintech and many international companies as they aspire
to grow their businesses and join the world stage.”
Nasdaq has been the leading exchange for international companies
in the U.S. market, particularly companies from the Asia Pacific
region. Three Chinese companies have launched an IPO in the U.S. so
far in 2016, all on Nasdaq. A total of 100 Chinese companies are
currently listed on Nasdaq, representing $199 billion in market
capitalization.
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq.
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PROFESSIONAL IS STRONGLY ADVISED.
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