US listings desired by Chinese firms
By Maggie Zhang |
March 8, 2011, Tuesday
|
Print Edition
Print Edition
MORE Chinese companies, especially information technology firms, are expected to list in the United States this year, market watchers said yesterday.
Terence Ho, an Ernst & Young partner, said he expects 50 to 60 companies to list in the US this year. Last year, more than 40 Chinese companies went public in the US.
"Last year's high valuation of Chinese companies in the United States will attract more firms to follow suit," Ho said.
Traditional manufacturing companies tend to list domestically while high-tech firms may opt for an overseas listing, he said. The Nasdaq is especially favored by Chinese information technology companies.
Marsh Inc, the world's biggest insurance broker, saw strong growth in director and officer liability insurance in China last year partly due to the rising numbers of companies listed in the US. The insurance is bought to cover damages or costs of defense, should directors or officers suffer losses as a result of lawsuits for alleged wrongful acts while acting on behalf of their companies.
"Chinese companies wishing to list in the United States should also factor in different regulations and related risks," said Michael Li, senior vice president of Marsh China.
Terence Ho, an Ernst & Young partner, said he expects 50 to 60 companies to list in the US this year. Last year, more than 40 Chinese companies went public in the US.
"Last year's high valuation of Chinese companies in the United States will attract more firms to follow suit," Ho said.
Traditional manufacturing companies tend to list domestically while high-tech firms may opt for an overseas listing, he said. The Nasdaq is especially favored by Chinese information technology companies.
Marsh Inc, the world's biggest insurance broker, saw strong growth in director and officer liability insurance in China last year partly due to the rising numbers of companies listed in the US. The insurance is bought to cover damages or costs of defense, should directors or officers suffer losses as a result of lawsuits for alleged wrongful acts while acting on behalf of their companies.
"Chinese companies wishing to list in the United States should also factor in different regulations and related risks," said Michael Li, senior vice president of Marsh China.
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