Wu Xiaopeng NEW YORK

Year of the Dragon will be held here, the participants of the New York hedge fund manager Carl (not his real name) said that this year’s meeting compared with previous years is too lonely,

14 streets, the investment bank Piper Jaffray (Piper Jaffray) on the same day the growth of China held its eighth meeting, to Oppenheimer roadshow moved to China, where company executives will introduce their own the company, but they face a similar deserted.

This is the scene of last year, really different. Last September, China’s growth story flagship investment bank Rodman (Rodman & Renshaw) held in New York, the annual global investment, nearly 5,000 investors in attendance, when a China Daily reporter complained, places are not. can make an appointment to talk one on one, some conference room is also empty.

at the meeting that he met a fellow buyer, the other side look a look of frustration, that he managed mutual funds can do more unilateral, heavy losses over the past year, Stock is the only way to make money short. China suffered a reverse acquisition of the company an unprecedented crisis,evening gown dresses, and the next, the short side have looked at China’s IPO companies.

large companies, often through an initial public offering (IPO) to raise funds in the United States the way,wholesale cycling jerseys, but for those unknown SMEs, IPO’s standards more stringent and expensive. Thus, moderate investment bank Roth Capital Partners (Roth Capital), Rodman and other companies as they thought of another way in the U.S. – a Chinese company’s assets will be injected into a shell company has been dormant in the U.S., as long as a The shell company sufficient shares essentially the equivalent of backdoor listing in the United States, which is known as a reverse merger.

listed company through a reverse merger generally relatively small market capitalization, more than in the tens of millions of dollars to hundreds of millions of dollars. Although not a single company, but together this group there are no small scale.

recent years, the United States to surge in the number of Chinese companies listed, many of them through a reverse merger. According to the U.S. Public Company Accounting Oversight Board (PCAOB) report, in January 2007 to March 2010, a total of more than 600 companies through the reverse merger and acquisition in the United States, including 159 from China.

but since last summer,strapless wedding dresses, the market bearish on emerging Chinese companies report the reverse merger, shares of these companies started down the long way.

most bearish report on these companies in the China Industrial and Commercial Bureau income data with the U.S. Securities and Exchange Commission (SEC) of the data comparison between the two there is often a huge difference.

Karl told reporters that the basic problems are some very good results, people could not believe the company. contact process, Carl will ask some tough questions, he could feel the embarrassment that senior executives,

short by: not a moral guardian, is to make money

research company in the Muddy Waters, founder of Carson Block view, those results look good, that it would be hard to believe that company is likely to have problems.

he told this reporter in early 2010, he started to help the father of a Chinese company called Oriental Paper. They originally intended to buy the company, but the final result, Block was

Block was later released on his This report was considered by many to be all Chinese stocks hit a reverse merger the beginning. Orient Paper shares plunged within a week was more than 50%. After Orient Paper, Carson Block also have been short of the green promise of international, high-speed channel in China and other Chinese stocks.

addition to Block,cycling jerseys, the other well-known author of bearish research also Citron Andrew Left, OLP Global’s Adele Mao. Have a large number of visits of the Seeking Alpha sites are often reproduced in their article. Financialinvestigtor.com will organize another site, a large number of suspected fraud on Chinese stock information.

in these reports, who are often mentioned in short, he has short the underlying stock.

New York, a China concept stocks have short hedge fund manager told reporters that the short side is the basic mode of operation – the first to do survey, identified the problem, short, and then publish the report written, Report of the day or at least 20% of the general stock, same day can cover shorts.

invested a lot of reverse acquisition the company’s Barron Capital founder Andrew Worden told this reporter that the content of these reports and there was no real ingredients, but

response to the aforementioned hedge fund manager said, moral guardians of the argument is to make money.

Thestreet analysts to a survey conducted late last year, said the company’s shares fell a reverse merger may give investors a loss of at least $ 34,000,000,000.

the first half of this year and see an empty concept of a reverse merger of China’s report is received a copy of financial blog Zerohedge the beginning of this year, wrote many articles, a Chinese company of fraud.

those who suffer losses from fraud of investors, their first reaction is to the local members of Congress complained, and then members of Congress to ask the SEC how, why not ask SEC to protect investors, Thus this matter from the Wall Street (Wall Street) to the Main Street (Main Street).

Members to protect their voters get their votes,custom cycling jerseys, so he urged the SEC investigation. U.S. House Financial Institutions Committee plans to hold this year on China hearing on accounting issues.

In fact, the market suffered short while, the U.S. industry associations and the Chinese securities regulatory authorities increasingly stringent monitoring of stocks.

NASDAQ Senior Vice President and Head of the International Robert McCurry Wilson (Robert McCooey) interview with this newspaper last year when he said that fake reverse mergers of Chinese companies is only an isolated phenomenon. But less than six months, the Nasdaq stock’s attitude toward China has been on Wall Street as

It is reported that Nasdaq is working with the SEC jointly submit a proposed rule change, the listed company through a reverse merger made more stringent listing requirements.

In addition, industry self-regulatory organizations (SROs) has suspended trading in shares of about twelve. In the past few months, SEC to withdraw at least eight in the United States through a reverse merger to become issuers of registered Chinese companies, because

Chanos, Tiger Fund IPO is the next piece of meat in short

short of Wall Street’s most famous Chanos (James Chanos) position recently, a deceptive trick to follow China’s stock the classic model.

he said, trafficking is a big subject.

another short Fangxiang familiar with the source told reporters that the famous Tiger Fund also participated in short,sale evening dresses,

former official said, because the Tiger Fund, a large scale, a move may be tens of millions of dollars, if they aim at IPO, then the company in this area may be much greater.

Although air parties who believe that it is still against the current case IPO is unlikely to become commonplace. But the parties are still worried, transnational audits or regulatory gray area will disappear U.S. agencies,