Jacob Frenkel Comments on US Capital Markets for China Businesses
- Media Mentions
Want to get our alerts?
Click “Subscribe Now” to get attorney insights on the latest developments in a range of services and industries.
In the September 2016 issue of China Business Law Journal, Attorney Jacob Frenkel discusses the market for U.S. listings of China companies in the article “Eagle Eye”.
In recent years, a rash of repeated accounting fraud scandals has reduced investor confidence and appetite for Chinese listings. As a direct result, valuations have plummeted and the flood of Chinese listings in the U.S. market has ended. Now more Chinese companies are considering to de-list from U.S. stock exchanges in order to go private and then re-list and trade in China.
Mr. Frenkel commented in the article about the SEC’s attitude towards U.S.-listed Chinese companies as “meaningful skepticism,” an attitude that is improving for two reasons: “One is there is a better understanding of the market. The other is that many of what the SEC viewed as the bad or fraudulent companies are pretty much out of business and off the markets. And the SEC is seeing Chinese companies viewing U.S. regulation and expectations more seriously. All companies that are public in North American markets are subject to much greater scrutiny than ever before.”
To read the complete article, please click here.
In recent years, a rash of repeated accounting fraud scandals has reduced investor confidence and appetite for Chinese listings. As a direct result, valuations have plummeted and the flood of Chinese listings in the U.S. market has ended. Now more Chinese companies are considering to de-list from U.S. stock exchanges in order to go private and then re-list and trade in China.
Mr. Frenkel commented in the article about the SEC’s attitude towards U.S.-listed Chinese companies as “meaningful skepticism,” an attitude that is improving for two reasons: “One is there is a better understanding of the market. The other is that many of what the SEC viewed as the bad or fraudulent companies are pretty much out of business and off the markets. And the SEC is seeing Chinese companies viewing U.S. regulation and expectations more seriously. All companies that are public in North American markets are subject to much greater scrutiny than ever before.”
To read the complete article, please click here.
Recent Insights
- March 27, 2023 Industry Alerts U.S. Supreme Court Decides Perez v. Sturgis Public Schools
- March 27, 2023 In the News Dickinson Wright Listed in Modern Healthcare’s 2023 Largest Law Firms
- March 22, 2023 Media Mentions Kris Beecher has been quoted in an article by the Arizona Republic, "Native leaders are watching new lawmaker who represents more than half of Arizona's tribes.”
- March 22, 2023 In the News Leslee Lewis Named a “Notable West Michigan Lawyer” by Crain’s Grand Rapids Business
- March 22, 2023 In the News Three Dickinson Wright Attorneys Named 2023 Texas Super Lawyers Rising Stars
- March 22, 2023 Media Mentions Joseph Silvia has been quoted in the S&P Global article, “'Small universe' of buyers available for Silicon Valley Bank.”
- March 21, 2023 In the News Sara Radcliffe Joins Dickinson Wright Columbus Office
- March 21, 2023 Media Mentions Joseph Silvia was recently quoted in the Business Insider article, "How shadow bankers are already emerging as winners in the SVB collapse.”
- March 21, 2023 In the News Matthew McLeod Joins Dickinson Wright LLP