The NYSE Group Inc. is seeking more business from China.

The exchange reports that it has signed a memorandum of understanding with Jiangsu province’s Economic & Trade Commission to enhance cooperation between the two organizations.

Under the agreement, Jiangsu’s Economic & Trade Commission will promote the NYSE as the stock exchange of choice for Jiangsu-based companies intending to list in the United States. The NYSE will provide comprehensive information about listing in the U.S. and make Jiangsu Province a priority province in China. It will also provide training programs for Jiangsu-based firms to help them prepare for listing on NYSE.

Jiangsu province’s Economic & Trade Commission is a government agency that oversees the economic, trade, foreign investment and financial affairs of Jiangsu province. It aims to help Jiangsu-based companies to raise capital abroad for greater development and international growth.

The NYSE currently lists 16 companies listed from mainland China. The total global market capitalization of the 16 NYSE-listed Chinese companies is about US$420 billion.