Category Archives: New York

At last: opening the China markets for IPO’s – Shaun Rein

Many successful Chinese companies listed in the US, rather than in China, because of the stringent regulations in their own country. Now going IPO in China is at least becoming easier, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to Harbour Times. And some Chinese companies might come back from the US.

Chinese spinoffs: a different story – Paul Gillis

Spinoffs are typically business transactions where the total of all entities increase their value by splitting up their existing business. But not so for Chinese companies, listed in the US, argues Beida accounting professor Paul Gillis. Not the shareholders or the company gains, but mostly management, he explains at his weblog.

US regulator bans HK accounting firm – Paul Gillis

The efforts by the Public Company Accounting Oversight Board (PCAOB)  to get access to Chinese data from US-listed Chinese firms went into a new phase as it banned a Hong Kong accounting firm, reports Beida accounting professor Paul Gillis on his weblog. It could be a new item on Trump’s China agenda, he suggests.

China’s war against poverty – Sara Hsu

China has lifted hundreds of millions out of poverty and president Xi Jinping vowed to give the last millions of poor also a better life. Economics professor Sara Hsu of the State University of New York explains in CCTV what the country’s receipt for poverty relief has been.

What do auditors know about HNA? – Paul Gillis

Beida accounting professor Paul Gillis points at his weblog at the rumor Goldman Sachs has decided to suspend work on a HNA subsidiary IPO in the US, because they are unable to get enough information on this Chinese conglomerate. Gillis wonders what auditor PwC knows about their client.

The uptick in spending on real estate, Tesla and Baijiu – Rupert Hoogewerf

The China’s luxury Consumer Price Index (CPI) rose 3.6% on a yearly basis in 2017, both based on more wealthy Chinese, and an uptick in the money they spend. Chief researcher of the Hurun China rich list Rupert Hoogewerf says expenditure on real estate, Tesla and Baijiu going up, he tells in Asia Times.

US still top-destination for China’s rich – Rupert Hoogewerf

Despite the election of Donald Trump, increased immigration barriers to the US and increased animosity between China and the US, the US is still the top destination for rich Chinese leaving their country, says China Rich List researcher Rupert Hoogewerf. Although the number of rich leaving their country is dropping, he tells the South China Morning Post.

Tom Doctoroff joins Prophet

Tom Doctoroff has been appointed as senior partner at Prophet, a global brand and marketing consultancy, the company announced.

Previously he was for more than two decades working for JWT in China, lastly as its APAC CEO.

Chinese investors shun Trump estates – Rupert Hoogewerf

Trump properties might have gotten some extra glamour after their name-giver became president of the United States. But China’s rich have historically shown very little interest in the Trump assets, says Rupert Hoogewerf, chief researcher of the Hurun China Rich List, and it is unlikely going to change, he tells the New York Post.

Beijing beats New York again as billionaire capital of the world – Rupert Hoogewerf

For the second year more billionaires call Beijing their home than New York, says the latest Global Hurun Rich List report. Concentration of capital into a few hands is outpacing the global creation of wealth, says Hurun chairman Rupert Hoogewerf to ECNS.