Why China’s Startup Investors Depend on U.S. IPOs

Why China’s Startup Investors Depend on U.S. IPOs

There may be plenty of venture cash floating around China, but returns remain scarce. By Ming Liao   Liao is the founding partner of Prospect Avenue Capital, a China tech-focused growth fund. China’s tech startups have received billions in private financing over the past two decades, with some of those companies going on to make […]

A Tree Grows on Wall Street

A Tree Grows on Wall Street

On May 17, 1792, twenty‐four brokers got together to sign an agreement that was the framework that established the New York Stock Exchange. They met outside of 68 Wall Street under a Buttonwood Sycamore tree. This document later called the “Buttonwood Agreement,” was the operating agreement that helped create the greatest and largest capital trading […]

U.S. and China Agreement on Audit Inspection to Avoid Delisting

audit

On August 26, 2022, China and The United States agreed to allow American officials from the Public Company Accounting Oversight Board (PCAOB) to inspect and investigate China-based accounting firms. The audit agreement between the two countries is an initial step for roughly 200 Chinese companies not to be delisted from U.S. stock exchanges. This agreement […]

Thoughts about Ongoing Inflation

ongoing inflation

We don’t know where the ever-growing inflation will go, just like we can’t imagine whether the Federal Reserve will maneuver the effective Federal Open Market Operations (OMOs) to achieve a soft landing and thus avoid an economic failure. Since March 2022, the Fed has adjusted the federal fund rate four times in a row, raising […]

What You Should Know When Investing in Initial Public Offerings?

What You Should Know When Investing in Initial Public Offerings

1. Industry You should consider the industry the company is operating in when deciding to invest. Is the industry growing and is it attractive to today’s investors? This doesn’t determine a company’s success or failure but; it could give some indication as to a new issue’s immediate trading activity and interest. 2. Management An investor […]

FINDER; UNLICENSED BROKER?

FINDER; UNLICENSED BROKER?

The Securities and Exchange Commission (the “Commission”) has recently proposed a rule change that would, under limited circumstances, allow individuals – who are neither owners nor registered representatives of Broker/Dealers – to act as intermediaries for issuers, finding investors who will exchange investor money for a stake in the issuer’s business. Historically, this intermediation was […]

The Trends of Electric Vehicles and Their Industrial Chain

Electric Vehicles

New energy vehicles continue to gain momentum in 2021 as they have entered an accelerated development stage. The sales of electric vehicles, including both battery electric and plug-in hybrids, increased by 160% year-on-year to approximately 2.6 million units for the first half of 2021, which account for 26% of the global automobile sales. Under the […]

Damon’s Thoughts: The True Story of Direct Listing

Damon’s Thoughts The True Story of Direct Listing

One of the newest actions taken by NASDAQ and the NYSE is to allow companies the ability to Direct List without the assistance or guidance of an underwriting firm. Recently, the ability of companies to sell their shares from their treasure was added so companies can, in effect, raise capital without the assistance, guidance or […]

The Commitment You Need to Make When TAKING YOUR COMPANY PUBLIC

The Commitment You Need to Make When TAKING YOUR COMPANY PUBLIC

Taking your company public is a big decision and should be done with the understanding that you have a responsibility and commitment to your public shareholders when you take their investment. Many companies feel a sense of success and accomplishment upon becoming public, and they should, however, the true success and work is just beginning. […]

Protect the U.S. markets and it will help the Chinese Issuer

Protect the U.S. markets and it will help the Chinese Issuer

On March 24, 2021, the SEC has adopted interim final amendments to implement the Holding Foreign Companies Accountable Act (HFCA Act) in order to enforce the disclosure requirements mandated by congress. Currently, the SEC is seeking comments from public for the completion of identification process, which indicates the final step before the implementation of the […]