THE NASDAQ Representative Office in Shanghai was established in October 2002, just at the time NASDAQ announced it was pulling out of Japan. The implications of these events are clear.The establishment of the NASDAQ Shanghai Representative Office is an important link in the company’s overseas expansion. When NASDAQ first opened for business in early 1971, it was merely an automated system of quotations. After 30 years’ development, its scale approaches that of the 100-year-old New York Stock Exchange, having produced giants such as Microsoft, Intel and Cisco. When the IT bubble burst at the end of the 20th century NASDAQ weathered some unprecedented setbacks, causing it to drop from 5,000 to less than