Category Archives: New York

Chinese investors turn to Tokyo real estate – Wei Gu

Relations between China and Japan might be tense, Chinese companies and individuals spend increasingly their capital in the real estate of Tokyo, writes WSJ wealth editor Wei Gu in her column at the Wall Street Journal.

Why did Alibaba not list on Chinese stock markets – Sara Hsu

After lengthy negotiations Alibaba picked the New York Stock Exchange for its listing, not a Chinese stock market, or even not Hong Kong. Financial analyst Sara Hsu still sees hope for the Chinese stock markets, she writes in TripleCrisis. China has to reform its exchanges, as a part of its financial reforms.

How to end the auditing wars – Paul Gillis

The ongoing stand-off between securities regulators in China and the US keeps auditing firms hostage and might eventually lead to the delisting of Chinese companies at US stock exchanges. Beida accounting professor Paul Gillis tries to map out a way out of the maze in Forensic Asia.(pdf)

Big Four China trouble needs diplomatic steps – Paul Gillis

The ongoing dispute where the China units of the Big Four accounting firms are banned from auditing US-listed companies, might drag into next year, fears accounting expert Paul Gillis, missing the fillings for April 2015. He pleads for a negotiated solution, but is not hopeful China and the US can work out a deal.

Who is auditing Alibaba? – Paul Gillis

PWC is auditing Alibaba, but – writes accounting professor Paul Gillis at his weblog – it is very unclear whether the Hong Kong or the mainland offfice of PWC is doing the legwork. Officially it is the Hong Kong office, but Gillis has its doubts, and that might matter to the investors.

Risks and challenges of the Alibaba IPO – Ben Cavender

After Alibaba filed this week its paperwork for its upcoming IPO. Business analyst Ben Cavender looks at its great profitability, but also risk from competition in e-commerce and fear for pressure fro the big Chinese banks.

Alibaba sets VIE golden standard – Paul Gillis

VIE structures are highly scrutinized and Beida professor Paul Gillis is fighting those structures via the Cayman Islands and other tax havens, although they need economic reforms to be iradicated. On his accounting website he looks at the IPO document Alibaba had to file and awards them the golden VIE standard.

Why a freely convertible Yuan is needed fast – Paul Gillis

Relaxing capital controls is needed fast, argues Beida professor Paul Gillis at his accounting weblog, as he analyses the position of Chukong Holdings Limited. They filed last week for a US IPO, but also use a so-called variable interest entity (VIE) structure, a source of many problems, argues Gillis.

Why Chen Guangbiao┬┤s business card is out of tune – Wei Gu

Nanjing-based tycoon Chen Guangbiao latest tour to the US, including a bid for the New York Times, gave him quite some attention, and certainly caused laughter too. WSJ wealth editor Wei Gu explains in the Wall Street Journal why his preposterous business card might deserve a revamp.

The pricing at Alibaba’s IPO – Benjamin Joffe

Alibaba’s IPO is going to be one of the biggest events of 2014, a listing that will dwarf Twitter’s value. The value of Alibaba’s shares is a key issue, and angel-investor Benjamin Joffe has a theory on how it will perform, he tells CNBC.