Jan. 15, 2007 (China Knowledge) – Regulations will have to be established first before overseas bourses’ agencies can be established in China, said Tu Guangshao, vice chairman of the China Securities Regulatory Commission (CSRC) on Saturday.

Tu’s statement comes after previous reports stated that the New York Stock Exchange (NYSE) has applied for permission to set up an office in the Beijing.

Stock exchanges from the U.S., Britain, Singapore and South Korea have launched a series of promotions in China over recent years, encouraging local enterprises to go public at their exchange. John Thain, chief executive of the New York Stock Exchange (NYSE), was in Beijing during the first week of December to encourage Mainland companies to list on the NYSE.