国际英语新闻：Feature: U.S. investors eye new frontier in Chinese market

"We have companies from all different industries and provinces. We have our first listing from Tianjin; we went from no listing in Henan Province to 4 listings," McCooey said, "And now we have listings from 11 to 12 different provinces in China."

    McCooey had traveled three times to China since May 2009 and planned to visit more. "There are tens of thousands enterprises in China with global aspirations, and Nasdaq is expecting more of them in the future," he added.

    Global aspirations are not unique to large brands. Overseas investors have become aware of the less known small and medium-sized enterprises (SME) in China, which have constituted an essential part of the national GDP as the government establishes policies and funds aimed at promoting innovation and entrepreneurship.

    Statistics indicate that over 60 percent of GDP, half of collected taxes, and 70 percent of the import and export value had been contributed by SMEs by the end of 2008.

    U.S. capital market more frequently opened arms to these Chinese SMEs. In April 2009, Changyou.com Ltd marked the first IPO on Nasdaq and was the largest Chinese IPO on a U.S. exchange since December 2007.

    Less than six months later, another Chinese online video games operator Shanda Games became the third largest IPO in the U.S. market in 2009 with 1 billion U.S. dollars it has raised.

    Another area that Chinese companies have submitted great performances in 2009 is the green energy. New York-listed solar companies like Suntech and Yingli Green Energy have far outperformed the big board.

    For foreign investors, Chinese government's policy and measuresto spur the SMEs have been another huge plus.

    "China is a green tech leader," Comyns said, "China is spending30 billion dollars on green technology as part of its current stimulus plan. An example of a new policy recently unveiled is the 'Golden Sun' initiative, which aims to achieve solar power generation by 2011."

    In 2009, China decide to launch venture capital foundation for small businesses, to issue first batch of pool bills to help small firms raise funds, and the Nasdaq-style board ChiNext started trading by the end of October.

    Looking ahead, China's growing story will involve more cities with potential and more companies with entrepreneur spirit in a government-backed environment. U.S. investors will set to explore new territories of prosperity as to benefit from the rising economy.