News & Events - International Practice

  • 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....

  • June 02, 2010

    China launched a benchmark index for it Nasdaq-style ChiNext board yesterday, seven months after it created the new market to support small companies with high growth prospects. The ChiNext Index will "comprehensively and objectively reflect the overall price direction of ChiNext board stocks," said the Shenzhen Stock Exchange, which hosts the board. The index was down 1.27 percent, or 12.67 points, at 987.33 in early trading. It had...

  • May 14, 2010

    Foreign direct investment in China rose 11.3% on-year in the first four months of 2010, the government said on May 14, suggesting confidence in the world's third-largest economy continued to grow. Foreign companies pumped in $30.8 billion in direct investment in the country from January to April, the commerce ministry...

  • May 06, 2010

    China may be forced to bail out some of its banks if the nation's property market collapses, Fitch Ratings said.“If we do see a pretty serious correction in the property market, banks' balance sheets will likely be severely impacted and this could at some point necessitate bailouts for the banks,” Charlene Chu, a senior director in Fitch's financial institutions rating...

  • May 06, 2010

    China's stocks rose, with the benchmark index rebounding from its lowest level in seven months, as investors speculated recent declines were overdone. Guangzhou Pharmaceutical Co. advanced 4 percent after China International Capital Corp. recommended investors “stay defensive” by holding health-care and agriculture stocks. nner Mongolia Yili...

  • April 22, 2010

    US initial public offerings, which dried up two months ago, are now outperforming IPOs from Brazil and closing in on China.

  • April 21, 2010

    Their shares rose sharply on the ChiNext board for emerging companies.

  • April 21, 2010

    Following are four ways to invest in China and reap the benefits of its growth.

  • April 15, 2010

    A wave of Chinese companies is washing up on U.S. stock exchanges, using transactions called reverse mergers in order to tap lucrative U.S. financing markets while bypassing normal procedures for initial public offerings.

  • April 14, 2010

    Among the more than 200 initial public offerings (IPOs) in the world in the first quarter, nearly half are from the Chinese market, topping the world in both the number of IPOs and the amount raised.

  • April 14, 2010

    Agricultural Bank of China hired six banks to arrange the Hong Kong portion of what may be the world’s largest initial public offering this year.

  • April 12, 2010

    U.S. companies selling everything from soft drinks to cars to millions of Chinese are seen as potential investments for those weighing the likelihood of a yuan revaluation by Beijing.

  • November 13, 2009

    Hong Kong stocks rose on Friday, buoyed by a bullish outlook from Industrial and Commercial Bank of China and a spurt of corporate takeover talk in the financial sector, while foreign-currency-denominated B shares jumped to an 18-month high in China on speculative trade.

  • November 13, 2009

    China's shares ended higher Friday ahead of U.S. President Barack Obama's visit to China next week, as renewable energy companies rose on hopes of further cooperation in the sector between China and the U.S.

  • November 13, 2009

    China's fiscal revenue grew 28.4% year on year to RMB 684.49 billion in October, said the Ministry of Finance in a statement published on its website today.

  • November 09, 2009

    When the crisis is over these companies will be stronger and more formidable than ever, reordering the global pecking order.

  • October 29, 2009

    The 22 listed Chinese companies, include eight IPOs, 13 OTCBB upgrades, and one switch to Nasdaq from NYSE AMEX.

  • October 28, 2009

    This week, China will be launching a groundbreaking new secondary market and trading platform that hopes to help smaller technology companies attract investment in domestic IPOs.