Young’s China Business Blog Daily Newsletter: May 27

Jay Owen SRI/ESG News

     YOUNG’S CHINA BUSINESS BLOG

                                                   DAILY NEWSLETTER

                                                      May 27, 2013


Nearly two years after US securities regulators first held breakthrough meetings with their Chinese counterparts, the two sides have reached an agreement that marks a big step forward in making cross-border stock listings more transparent. The agreement will pressure overseas-listed Chinese firms and their independent auditors to become more accountable to both regulators and shareholders, helping to restore confidence to battered shares of these companies.

 


Today I want to give myself the poor timing award for my recent remarks about the upcoming New York IPO for Chinese e-commerce firm LightInTheBox. A day after commenting that the company’s IPO had mysteriously disappeared 5 weeks after it was first announced, media are now reporting that the offering is indeed moving ahead with a new public filing.

 

Nixon In China: A Major Moment But Now Just History  

I’m a big history buff, so I was quite excited when I heard that a grandson of Richard Nixon was traveling to China to retrace his grandfather’s groundbreaking visit to China in 1972. Christopher Nixon Cox’s trip last week saw him travel first to Beijing, then make stops in Hangzhou and finally my adopted hometown of Shanghai, as he followed the path his grandfather took more than 40 years ago on a trip that paved the way for the restoration of Sino-US ties after more than 20 years of hostility.

 

News Digest: May 25-27, 2013 ???2013?5?25-27? : H.J. Heinz, Berkshire Hathaway, Walmart, Yihaodian, AsiaInfo-Linkage,