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Global
Financial Centre
Centre of global trading, facilitating 24 hour trading
through Asia in the morning to North America in the
evening.
547 foreign banks in London, more than any other
financial centre worldwide.
All the top 500 global companies do business in London
London is the world centre for trading international
equities with 43% of trading taking place in London
compared with just 31% in the US
London markets are driven by the institutional
investors, accounting for 99% of value and 95% of
trading volumes, whilst US markets with their high
retail base tend to be more volatile.
Concentration of Expertise
There are more international equity analysts in London
than in all European cities combined, including over 300
in mining sector
City of London has Europe’s greatest concentration of
professional and support services – 83% of the top law
firms in the world are headquartered in London
Largest foreign exchange market in the world – daily
turnover of $637 billion is more than New York and Tokyo
combined.
Practically all global equity strategy desks of the
major investment banks are located in London.
The City of London is the fastest growing market for
credit derivatives.
London Metal Exchange handles 95% of the world's
non-ferrous base metals trading.
Over 70% of mining industry financing in the world is
done through London Markets.
Chinese
Companies and LSE
(For a full list see
www.stramarkresearch.com)
38 Chinese companies listed in London: 6 mainland
Chinese listed in London as off-shore entities; 18
Chinese/HK companies listed on AIM
Around 20 corporate bonds listed in London
Year to Sep 2005, value of Chinese stocks traded was
$34bn
Air China listed its shares in London and HK in Dec 2004
using the same listing document
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The Main Board |
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Reporting under UK
GAAP or US IFRS accounting standards
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comprises approximately 1,800 listed companies with a total
market capitalization of more than USD5,200 billion.
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Minimum 25% shares in
public hands
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When issued the shares
must be sufficiently widely held
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Normally 3 year
trading record required
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Prior shareholder
approval required for substantial acquisitions and
disposals
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Pre-vetting of
admission documents by the UKLA
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Sponsors needed for
certain transactions
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Minimum market
capitalization
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At least 700,000 GBP
market capitalization required
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Secondary ~ AIM
(Alternative Investment Market) |
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http://www.londonstockexchange.co.uk/en-gb/products/companyservices/ourmarkets/aim/ |
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Specifically
tailored to growing businesses, AIM combines the benefits of
a public quotation with a flexible regulatory approach.
AIM gives
companies from all countries and sectors access to the
market at an earlier stage of their development, allowing
them to experience life as a public company.
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AIM (Alternative Investment Market) |
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No minimum shares to
be in public hands
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No trading record
requirement
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No prior shareholder
approval for transactions*
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Admission documents
not pre-vetted by Exchange nor by the UKLA in most
circumstances. The UKLA will only vet an AIM admission
document where it is also a Prospectus under the
Prospectus Directive
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Nominated adviser
required at all times
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No minimum market
capitalisation
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1,311 companies, including 185
overseas companies are now on AIM with total market
capitalisation of US$89.6 billion
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Started trading in 1995
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2,200 companies in total been
listed, and more than US$40billion has been raised
collectively
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36 sectors, 88 sub sectors,
including IT, biotech, pharma, resources
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In 2004, 355 companies joined AIM,
including 61 international companies raising US$8.8
billion
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Year to Sep 2005, 389 companies
joined AIM, including 78 international companies,
raising US$8.9 billion
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