The Hindu Business Line : LSE to focus on China, Russia, India for growth

THE London Stock Exchange (LSE) has identified India, China and Russia as the core markets for future growth as global companies are increasingly focussing on these markets.

"These are the markets which would be powerhouses of the future," said Mr James Woodley, Business Development Manager, LSE, who looks after the exchange's Indian and Australian operations.

According to Mr Woodley, the European countries are working on a Financial Services Action Plan (FCAP) to harmonise financial regulations across the continent. This would make it a common platform that would be beneficial for companies trying to raise funds abroad.

Mr Woodley said that he had a number of meetings with some of the big Indian companies who were willing to raise funds through the LSE. He said that these companies were in sectors such as telecom, oil and gas, infotech and pharmaceuticals.

He also said that the LSE would be opening its office in Hong Kong in October this year, which would be its first full-fledged office outside London.

More Stories on : Outlook | Stock Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
No trading in GTB scrips from Aug 27

Bulls gain

Asian Paints: A rosy picture

VSNL gains on news of Intelsat sale

Ranbaxy falls on slow growth concern

Sun Pharma shines on fund buying

Outlook negative for Tata Motors, BPCL

Sensex flat; cement, steel in limelight

Sah Petro gets RoC nod for public offer

LSE to focus on China, Russia, India for growth