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Chinese Companies Pull Out of US Stock Markets

 
Sleeping Giant
Army of the Chosen One

User ID: 20913616
United States
08/14/2012 09:45 AM

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Chinese Companies Pull Out of US Stock Markets
Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.

This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.

Smaller companies also are withdrawing from U.S. exchanges. In a sign of official encouragement, a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges.

The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors.

Some Chinese companies say they are pulling out of U.S. markets because a low share price fails to reflect the strength of their business. Withdrawing also eliminates the cost of complying with American financial reporting rules.

[link to finance.yahoo.com]
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
User ID: 21937935
United States
08/14/2012 09:48 AM
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Re: Chinese Companies Pull Out of US Stock Markets
Hillary already gave them Eminent Domain Rights, so why buy the milk if you already own the cow? Save some trees man, then they could make more monopoly games.
Anonymous Coward
User ID: 21937935
United States
08/14/2012 09:48 AM
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Re: Chinese Companies Pull Out of US Stock Markets
M3 Monetary Aggregate Where?
Anonymous Coward
User ID: 21937935
United States
08/14/2012 09:54 AM
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Re: Chinese Companies Pull Out of US Stock Markets
Is Mr. Joker Sr. still Testifying about the LIBOR algorithm? The Hedge Fund and derivative market implosion will take down the world banking system, for it is worth more than all the wealth in the world. Moral Turpitude line crossed and they can not make it back.
Sleeping Giant (OP)
Army of the Chosen One

User ID: 20913616
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08/14/2012 09:55 AM

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Re: Chinese Companies Pull Out of US Stock Markets
Anything to do w/ this?

Thread: China Launching Gold Backed Global Currency!
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
G3
G3

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United States
08/14/2012 10:27 AM

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Re: Chinese Companies Pull Out of US Stock Markets
pinit

Last Edited by G3 on 08/14/2012 10:28 AM
Sleeping Giant (OP)
Army of the Chosen One

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08/14/2012 10:28 AM

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Re: Chinese Companies Pull Out of US Stock Markets
pinit
 Quoting: G3


Thanks!

cheers
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Sleeping Giant (OP)
Army of the Chosen One

User ID: 20913616
United States
08/14/2012 10:31 AM

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Re: Chinese Companies Pull Out of US Stock Markets
"Probably all these companies have some questionable accounting, so they may prefer to move out of the U.S., not to come under too much scrutiny," said Marc Faber, managing director of Hong Kong fund management company Marc Faber Ltd.

[link to www.npr.org]


Sounds like a cop-out to me.
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
4Evergirl
Earthbound for now...

User ID: 3161013
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08/14/2012 10:35 AM

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Re: Chinese Companies Pull Out of US Stock Markets
 Quoting: Sleeping Giant


I'm telling you, something is up...and Septmeber always seems to bring economic doom...

Get prepped!!
Definitely not made for this world--at least not this century.

...you are dangerous to everyone---not because you are ungifted, but because you embrace evil with your teachings. In so doing, in trying to be kind, to be unselfish, in trying to be nonjudgmental, you allow evil to become far more powerful than it otherwise would. You refuse to see evil, and so you welcome it among you. You allow it to exist. You give it power over you. You are a people who have welcomed death and refuse to denounce it. You are an empire naked to the shadow of evil. Terry Goodkind, NAKED EMPIRE
Sleeping Giant (OP)
Army of the Chosen One

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United States
08/14/2012 10:36 AM

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Re: Chinese Companies Pull Out of US Stock Markets
 Quoting: Sleeping Giant


I'm telling you, something is up...and Septmeber always seems to bring economic doom...

Get prepped!!
 Quoting: 4Evergirl


Hmmm. September is end of US Government fiscal year, too.
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
User ID: 19325492
Serbia
08/14/2012 10:37 AM
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Re: Chinese Companies Pull Out of US Stock Markets
Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.

This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.

Smaller companies also are withdrawing from U.S. exchanges. In a sign of official encouragement, a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges.

The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors.

Some Chinese companies say they are pulling out of U.S. markets because a low share price fails to reflect the strength of their business. Withdrawing also eliminates the cost of complying with American financial reporting rules.

[link to finance.yahoo.com]
 Quoting: Sleeping Giant


more like they are informed what is about to come.
bump
Anonymous Coward
User ID: 21942908
Brazil
08/14/2012 10:39 AM
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Re: Chinese Companies Pull Out of US Stock Markets
byekitty
Sleeping Giant (OP)
Army of the Chosen One

User ID: 20913616
United States
08/14/2012 10:41 AM

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Re: Chinese Companies Pull Out of US Stock Markets
Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.

This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.

Smaller companies also are withdrawing from U.S. exchanges. In a sign of official encouragement, a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges.

The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors.

Some Chinese companies say they are pulling out of U.S. markets because a low share price fails to reflect the strength of their business. Withdrawing also eliminates the cost of complying with American financial reporting rules.

[link to finance.yahoo.com]
 Quoting: Sleeping Giant


more like they are informed what is about to come.
bump
 Quoting: Anonymous Coward 19325492


Since they pretty much own us, yeah, they would know quicker than we would.
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Sleeping Giant (OP)
Army of the Chosen One

User ID: 20913616
United States
08/14/2012 10:42 AM

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Re: Chinese Companies Pull Out of US Stock Markets
byekitty
 Quoting: Anonymous Coward 21942908


Thanks for the bump.

sad
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
User ID: 14068473
United States
08/14/2012 10:44 AM
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Re: Chinese Companies Pull Out of US Stock Markets
PIN. PIN. NOW.
Sleeping Giant (OP)
Army of the Chosen One

User ID: 20913616
United States
08/14/2012 10:47 AM

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PIN. PIN. NOW.
 Quoting: Anonymous Coward 14068473


Thanks

cheers
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Sleeping Giant (OP)
Army of the Chosen One

User ID: 543618
United States
08/14/2012 12:12 PM

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bump
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Stickyfoot

User ID: 21961005
United States
08/14/2012 04:01 PM

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bumppeaceand 5 *`s
Stickyfoot,i think i stepped in something
Sleeping Giant (OP)
Army of the Chosen One

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United States
08/14/2012 04:05 PM

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bumppeaceand 5 *`s
 Quoting: Stickyfoot


Thanks!
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Sleeping Giant (OP)
Army of the Chosen One

User ID: 20913616
United States
08/14/2012 08:09 PM

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Re: Chinese Companies Pull Out of US Stock Markets
Evening bump
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
User ID: 20286929
Australia
08/14/2012 11:18 PM
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Sleeping Giant (OP)
Army of the Chosen One

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United States
08/14/2012 11:20 PM

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 Quoting: Anonymous Coward 20286929


lol
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
User ID: 20286929
Australia
08/14/2012 11:22 PM
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 Quoting: Anonymous Coward 20286929


lol
 Quoting: Sleeping Giant


Seemed appropriate for the headline :D
Sleeping Giant (OP)
Army of the Chosen One

User ID: 20913616
United States
08/14/2012 11:25 PM

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 Quoting: Anonymous Coward 20286929


lol
 Quoting: Sleeping Giant


Seemed appropriate for the headline :D
 Quoting: Anonymous Coward 20286929


It was. Although, I will admit, I had to look up the description of the video on YouTube.

chuckle
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
User ID: 21235597
08/14/2012 11:58 PM
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Re: Chinese Companies Pull Out of US Stock Markets
Good for China. Just another move on their part to tell the US they don't need our stinking stock markets to sell their shares.

Why put up with all the nonsensical regulation and costs here in the states--being told what to do by no fewer than 10 guberment agencies ranging from the SEC to Treasury.

These are the same Keystone Cop agencies that drive up the costs of business and provide less than zero protection. If anything, these clowns in suits provide Americans with a false sense of security that someone is minding the store.

The Chinese don't play politics very well, and they don't suffer fools. They've put up with our stupid BS for a while. Now that we aren't a growing market for the goods and services, why continue to put up with us -- especially those ignorant bafoons in Washington.

Bye bye Ms. American Pie
Anonymous Coward
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United States
08/15/2012 12:12 AM
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Re: Chinese Companies Pull Out of US Stock Markets
Why endure THE SUPER CRASH!
Now with GOLD BACKED PAPER FROM CHINA they know whats next!
Anonymous Coward
User ID: 21968272
United States
08/15/2012 12:25 AM
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Re: Chinese Companies Pull Out of US Stock Markets
Western companies are the manufacturers in China. Without those exports and the western middle-class China goes back to the dark ages. They will survive, they have been there before.
SnowboardingAlien

User ID: 2230505
United States
08/15/2012 12:46 AM

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guess Atlantis is sinking :(
I look up at the sky, and wonder where I am on earth. Then I wonder where I am in the solar system. Then I wonder where I am in the galaxy. Then I wonder where I am in the universe. Then I wonder what universe am I in.
poopface
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08/15/2012 12:52 AM
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Re: Chinese Companies Pull Out of US Stock Markets
Western companies are the manufacturers in China. Without those exports and the western middle-class China goes back to the dark ages. They will survive, they have been there before.
 Quoting: Anonymous Coward 21968272


yeah but wouldn't everyone beeeezz goin to a gold backed currency rather than a fiat currency back by nothing except inflation and deflation? the decision seems healthier for the world economy and is prob the next big step in the game we call stock market
Saddletramp
We Don't Rent Pigs...

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08/15/2012 01:21 AM

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Fuck em, tell Hop Sing to move over and I'll drive...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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Japan
08/15/2012 01:31 AM
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Re: Chinese Companies Pull Out of US Stock Markets
"Dribbling a little and rapidly shriveling, Chinese companies pull out and roll off the American makets with a contented sigh, while the American markets seek to cuddle a litte, slightly upset at they way the Chinese companies are always so uncommunicative & fall asleep so quickly afterwards."

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