Betting on China
Chinese Stocks, American Stock Markets, and the Wagers on A New Dynamic in Global CapitalismeBook - 2012
Betting on China takes readers on an illuminating journeyinto the often confusing and poorly understood world of Chinesestock issuances in America. With insightful qualitative andquantitative analysis, it looks at the phenomenon of equity andcapital exchanged between the world's two largest economies and theimplications for global finance. Written in an accessible narrativestyle and amply supported by hard data, the book examines thecontext and underpinnings of the Sino-American equity relationship,revealing its core dynamics through real-world case studies thatrange from the precedent-setting blockbuster IPO of China Mobile tothe near breakdown of the U.S.-China equity exchange mechanismbrought about by short seller attacks on Chinese conceptstocks.
Combining an insider's eye with an outsider's objectivity,American born author and Beijing-based consultant Robert Koeppexplores the reasons and the means by which China, America, and theglobal economy reap enormous gains from the process of Chinesecompanies issuing equity shares on U.S. stock markets. Betting onChina exposes the complexities and nuances of a vital butunderappreciated pillar of modern international finance and offersa window into China's role as a dominant but still modernizingeconomic superpower.Analyzes on a macro- and microscale the forces that moveChinese companies to raise capital on NASDAQ and the New York StockExchange and what this means for the world at large Explores the real stories behind why and how China-basedenterprises develop as public companies listed in the UnitedStates--and why government regulations need to work in supportof 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 pictureof China's position and prospects in our interactively connectedglobal economy
Detailed but accessible, Betting on China is essentialreading for global finance professionals, policymakers andregulators, students of finance, people doing business in China,and anyone curious about China's place in--and impacton--the global economy today and in the years to come.