Posts
January 07 2011
Every once in a while, you see a statistic, or read an article that takes you completely by surprise, causing you to scratch your head and ask yourself: “When and how did that happen….
December 23 2010
China plans to tighten up rules governing sponsors of initial public offerings after a surge of new issues this year sparked concerns about the quality of disclosure in IPO prospectuses, sources told Reuters on Thursday.
November 15 2010
Roughly 33 percent of the 1,030 Bloomberg Global Poll respondents, who are investors, traders and analysts, have given their approval to China as the best place for investment, while 31 percent prefer Brazil and 29 percent go for India. The United States lags behind all of the three emerging economies and ranks the fourth with only 23 percent support.
October 06 2010
Investors' optimism soared high as Beijing-based ChinaCache International Holdings made its United States market debut on Friday (October 1), raising US$84 million on the Nasdaq. Shares of the top Internet service provider company, whose clients include China Mobile, Sina and Alibaba Group, surged as much as 95 percent during the initial public offering (IPO).
August 30 2010
Due to China's explosive GDP growth of 9% per year for the last 30 years, some of the world's fastest growing companies are naturally based in China, many of which belong in the micro and small cap space due to their smaller sizes.
August 20 2010
China's securities regulator has taken fresh steps to improve the pricing mechanism of initial public offerings, allowing more institutions to participate in bookbuilding and giving bidders more incentives to set reasonable prices. The China Securities Regulatory Commission (CSRC) said in a statement on its website that it would also take measures to make the IPO…
July 20 2010
The Public Company Accounting Oversight Board (PCAOB) has issued an alert reminding audit firms of their obligations when making use of work performed by foreign auditors. The problem is particularly acute in the case of companies that operate largely in China but have securities trading in the US as the result of reverse mergers with US shell companies. According to the PCAOB’s research, the audit report for many of these…
June 21 2010
China's surprise move to relax currency controls ahead of this weekend's G20 summit buoyed global markets and sent the yuan to a five-year peak on Monday, but caution returned as analysts questioned how farBeijing's new currency flexibility would go. Stock markets surged after China loosened the yuan's 23-month-old peg to the U.S. dollar, easing a policy aimed at steadying its economy during the global downturn and paving the way for the currency to appreciate….