LEADER 06131nam 2200697Ia 450 001 9910824748103321 005 20200520144314.0 010 $a1-119-19926-3 010 $a1-280-59099-8 010 $a9786613620828 010 $a1-118-08716-X 035 $a(CKB)2550000000098433 035 $a(EBL)3058687 035 $a(OCoLC)922976018 035 $a(SSID)ssj0000654597 035 $a(PQKBManifestationID)11349386 035 $a(PQKBTitleCode)TC0000654597 035 $a(PQKBWorkID)10660661 035 $a(PQKB)10797310 035 $a(DLC) 2012406382 035 $a(WaSeSS)IndRDA00115580 035 $a(Au-PeEL)EBL3058687 035 $a(CaPaEBR)ebr10546614 035 $a(CaONFJC)MIL362082 035 $a(CaSebORM)9781118087176 035 $a(MiAaPQ)EBC3058687 035 $a(OCoLC)842439197 035 $a(OCoLC)ocn842439197 035 $a(EXLCZ)992550000000098433 100 $a20120417d2012 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBetting on China $eChinese stocks, American stock markets, and the wagers on a new dynamic in global capitalism /$fRobert W. Koepp 205 $a1st edition 210 $aSingapore ;$aHoboken, N.J. $cWiley$dc2012 215 $a1 online resource (237 p.) 300 $aDescription based upon print version of record. 311 $a1-118-08717-8 311 $a1-118-08714-3 320 $aIncludes bibliographical references and index. 327 $a""Betting on China: Chinese Stocks, American Stock Markets, and the Wagers on a New Dynamic in Global Capitalism""; ""Contents""; ""Acknowledgments""; ""Preface""; ""Chapter 1 Wagers of the Dance: China, America, and the Interplay of Public Equity""; ""A Hierarchy of Financial Footwork""; ""IPOs for Cash-out and Cash-in""; ""A Ground-Level View""; ""U.S. China Issuances Measuring Up""; ""Chapter 2 Realities, Theories, and Gung Ho: The Ying and Yang of Chinese Issuances""; ""The China Wave""; ""Big-Stakes Games""; ""Ying-Yang IPOs""; ""Market De?tente""; ""Breaking Molds"" 327 $a""Adam Smith's China Bet""""Gains, Rules, and Risks""; ""Information versus Noise""; ""Real "Gung Ho"""; ""Chapter 3 China Mobile: The Big Bet""; ""First Dish in an IPO Banquet""; ""Birth in a Maelstrom""; ""Ripple Effects""; ""Assimilating Global Standards""; ""Of Men and Governance""; ""Red Chip Scare""; ""Spillover Effects""; ""Quantity, Banditry, and Quality""; ""New Generations, New Markets""; ""Nothing and Everything""; ""Chapter 4 Spreadtrum Communications: When the Chips Are Down""; ""Stirring the Waters""; ""The Basic Spreadtrum Story""; ""Leading a New Chinese Industry"" 327 $a""Pulling Back from the Brink""""Shortsighted Shorting""; ""Chapter 5 Calling the Bluff: Truths, Fictions, and CRMs""; ""Initial Misgivings""; ""In Through the Back Door""; ""Dawn of the CRM Dread""; ""A Short Love Affair for CRMs""; ""Unaccountable Accounting""; ""The Din of CRM Noise""; ""A Reversal for RM Overhype""; ""Chapter 6 Longtop Financial: The Costs of Dirty Dealing""; ""The Longtop Shocker""; ""A Fallen Icon""; ""Deception's Depths""; ""A China Problem?""; ""New Stakes in the Game""; ""The SEC's Big Bet""; ""Upping the Ante""; ""Beyond the Brink?"" 327 $a""Chapter 7 Continuing the Bet: Accountability and Adaptability""""Evolving Accountability""; ""The Adaptability Challenge""; ""Appendix""; ""Notes""; ""About the Author""; ""Index"" 330 $aThe promise and perils of Chinese stocks in American stock markets Betting on China takes readers on an illuminating journey into the often confusing and poorly understood world of Chinese stock issuances in America. With insightful qualitative and quantitative analysis, it looks at the phenomenon of equity and capital exchanged between the world's two largest economies and the implications for global finance. Written in an accessible narrative style and amply supported by hard data, the book examines the context and underpinnings of the Sino-American equity relationship, revealing its core dynamics through real-world case studies that range from the precedent-setting blockbuster IPO of China Mobile to the near breakdown of the U.S.-China equity exchange mechanism brought about by short seller attacks on Chinese concept stocks. Combining an insider's eye with an outsider's objectivity, American born author and Beijing-based consultant Robert Koepp explores the reasons and the means by which China, America, and the global economy reap enormous gains from the process of Chinese companies issuing equity shares on U.S. stock markets. Betting on China exposes the complexities and nuances of a vital but underappreciated pillar of modern international finance and offers a window into China's role as a dominant but still modernizing economic superpower. Analyzes on a macro- and microscale the forces that move Chinese companies to raise capital on NASDAQ and the New York Stock Exchange and what this means for the world at large Explores the real stories behind why and how China-based enterprises develop as public companies listed in the United States?and why government regulations need to work in support of and not against this force of market nature Shows that the "betting" on China that occurs through the U.S. equity market exchanges is critical for getting an accurate picture of China's position and prospects in our interactively connected global economy Detailed but accessible, Betting on China is essential reading for global finance professionals, policymakers and regulators, students of finance, people doing business in China, and anyone curious about China's place in?and impact on?the global economy today and in the years to come. 606 $aCapitalism$zChina 606 $aStocks$zChina 615 0$aCapitalism 615 0$aStocks 676 $a332.63220951 700 $aKoepp$b Robert W$01648477 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910824748103321 996 $aBetting on China$93996619 997 $aUNINA