We Need To Be Cautious About "Out Eating".
The US Securities and Exchange Commission has launched an investigation into a number of Chinese companies listed in the us through reverse takeover, involving market manipulation, auditing and information disclosure.
Clothing brands listed in the US
Mcglaughlin
It appears in the "black list" of Ying Tong Securities.
The company said that because of "high risk concerns", it was forbidden to buy such shares of Chinese companies by margin.
For a time, China's concept stocks fell across the board, and nearly 10 stocks fell below the 52 week low.
Short sellers use investment banks or research institutions to publish research reports of Chinese listed companies, and then amplify the influence through the media, so that management can participate in the investigation and organize lawyers to prosecute.
These hard hit stocks are also hit, and those who sell short are often the ones who urge Chinese companies to buy and sell stocks in the US.
Since who can buy the world's top 500 stock at home, who is willing to pay for the problem shares? I believe that the Chinese capital withdrawn from the Chinese concept stocks and the foreign investment institutions withdrawing from B shares are all an idea.
The international board is more like a touchstone, the valuation is actually a false proposition, the international board will definitely be fired, but it has at least a lot of clean and pparent world top 500.
Perhaps, recently, overseas listed textile and apparel stocks have a strong backing, but it is worth noting that Chinese companies will be "messy" whether or not they are suspected of fraud.
According to the latest research report of the Qing Research Center, a new round of overseas listing of Chinese enterprises broke out, and the textile and garment industry suddenly rose.
In May, a total of 5 textile and garment enterprises overseas IPO, after the chemical raw materials and processing industry, total financing $1 billion 542 million, the number of IPO increased by 400%, and the amount of financing increased by 1328% over the same period last year.
This is obviously in sharp contrast to the recent "130 Chinese concept stocks collectively blocked by the overseas stock market".
On the one hand, we are desperate to go abroad to market, while bloody punishment is being hunted down. Is China's textile and clothing enterprises showing moths to catch fire?
"Many domestic spinning and weaving enterprises simply choose overseas listing because of the barriers and approval procedures, but in view of overseas
capital market
We have to pay more attention to the advantages and disadvantages of the short selling mechanism.
A securities analyst said, "the possibility of launching the international plate year is very large. With it, it will bring new ideas for China's textile and garment companies to be listed."
In May, textile enterprises were swarmed overseas.
Tracing industry capital "map of the world"
In the first quarter of this year, a total of 16 Chinese companies were listed in 4 overseas markets, with a total financing of $2 billion 597 million, according to the database of the Qing Dynasty database.
Despite the comparison, the number and amount of financing of Chinese enterprises declined sharply compared with the four quarter of 2010. However, compared with the same period in 2010, the performance of overseas listing of Chinese enterprises in this quarter is still quite normal, with the number of listed companies decreasing by 3 over the same period, and the amount of financing increased by 26.9% over the same period last year.
4 enterprises in the textile and garment industry were successfully listed and the total financing amount was $341 million.
In May, a new round of overseas listing of Chinese enterprises will erupt in full swing, and the textile and garment industry will suddenly rise.
Data show that in May, a total of 36 Chinese companies were outside the country.
capital market
IPO, a total of $7 billion 387 million financing, an average of 205 million dollars per enterprise financing.
Among them, the number of listed companies increased by 24.1%, and the amount of financing increased by 58.1%.
Compared with the same period last year, the number of IPO increased by 9.1% compared with the same period last year, and the amount of financing increased by 35.1% over the same period last year.
From the perspective of market distribution, 26 enterprises in the 36 IPO Chinese enterprises in the domestic capital market IPO have total financing of 3 billion 430 million US dollars, with an average of 132 million US dollars per enterprise, and 10 other enterprises in the overseas capital market IPO, total financing 3 billion 957 million US dollars, with an average of 396 million US dollars per enterprise.
In May, a total of 5 textile and garment enterprises, IPO, were second only to chemical raw materials and processing industries. The total amount of financing was $1 billion 542 million, the number of IPO increased by 400% over the same period last year, and the amount of financing increased by 1328% over the same period last year.
According to incomplete statistics, a total of 44 Chinese textile and garment enterprises have chosen the market outside the A share.
Singapore is the most valued market in the textile and garment industry.
A total of 24 Chinese enterprises have chosen to list in Singapore. The main textiles include 17 companies such as silk silk spinning, Fu Lian fabrics, Hongcheng holdings, Chengguan technology and Fuxing Group. The main garments, clothing and luxury goods are 5 holding companies such as Dongming holding, glede, Chinese fashion, China integrated leather high tech, alligator, etc. the main footwear companies include 2 sports international, China Hongxing and so on.
The second largest overseas market for textile industry is the United States.
13 companies such as Sidon, left bank, Sydney, China shoes, Huarui international, Qi Luo textile, Lining, Europe, and baoxao and Yuyuan industries are stationed there.
Hongkong, China, is one of the third most important A shares outside the market, including Jingwei Textile machinery, Wing Lung Industrial, Weiqiao textile, Anta, XTEP and other textile and garment companies.
South Korea and Australia also have related companies to open up battlefields, of which Huafeng Textile chooses South Korea, while Tang long needle spinning is listed in Australia.
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Short hunt kills Mcglaughlin
IPO simply saves and worries.
Compared with simple overseas IPO procedures, China's A IPO is much more complicated.
Many domestic spinning and weaving enterprises simply choose overseas listing because of barriers and approval procedures.
Unexpectedly, there is always a day when the bill is simple.
In overseas markets, although the amount of financing is limited, the procedure is simple.
However, it is easy to overlook that the "short selling mechanism" of overseas stock markets also allows some intermediaries to start calculating Chinese companies.
In recent years, the news of frequent investigations by Chinese companies listed overseas is very typical.
In the wake of the scandal in which the Sino US forestry was accused of Ponzi fraud and the Southeast Asian financial intermediation were suspended on suspicion of fraud, American investors are launching a class action lawsuit against the Chinese concept stocks.
It is reported that the SEC has conducted an investigation into a number of Chinese enterprises listed in the us through reverse takeover, involving market manipulation, auditing and information disclosure.
The Chinese enterprises suspected of fraud have spread to the main board enterprises from small and medium enterprises listed on the pfer board.
Mcglaughlin, a clothing brand listed in the US, appears in the "black list" of Ying Tong Securities.
The company said that because of "high risk concerns", it was forbidden to buy such shares of Chinese companies by margin.
For a time, China's concept stocks fell across the board, and nearly 10 stocks fell below the 52 week low.
Under the nest, there is no egg left.
44 textile and apparel stocks listed overseas, especially 13 listed companies in the US, have been on the alert recently.
"Short sellers use investment banks or research institutions to publish research reports of Chinese listed companies, and then amplify the influence through the media, so that management can participate in the investigation and organize lawyers to prosecute.
These hard hit stocks are also a hit, and those who are short sellers are often the ones who encourage Chinese companies to buy and sell stocks in the US.
A securities analyst said, "the short selling mechanism of the US stock market, including negative investigations and other counter operations against Chinese enterprises, is an indiscriminate killing of innocent people.
But this kind of conversion is not common. It is also common in the United States. It is even called a "business friendly" business model.
This has really hurt the feelings of Chinese enterprises and the public.
The international tablet is expected to be launched this year.
It is better to practice internal strength than to be messed up.
While China's stock market has entered the cold winter in the US market, the international market has been heating up in the Chinese market.
Despite the constant questioning, with the recent frequent statements by regulators, the expected launch of the international board is clear.
The launch of the international board will undoubtedly bring new opportunities for the textile and garment sector.
One view is that the proximity of the international board is also an inducement for the recent fall in China's concept stocks and B shares.
"If you can buy the world's top 500 stocks at home, who is willing to pay for the problem shares? I believe that the Chinese institutions withdrawn from the Chinese concept stocks and the foreign investment institutions withdrawing from B shares are all an idea."
Some analysts believe that from this level, the international board is more like a touchstone, the valuation level is actually a false proposition, the international board will definitely be fired, but it has at least a lot of clean and pparent world top 500.
130 overseas Chinese concept stocks have been blocked and the alarm has been heard in the domestic market.
The future direction of China's concept stocks is not very important for managers and investors in China's market. However, SEC's strict examination of "China concept stocks" is of great significance to China's international plate construction.
At present, the competition between countries is increasingly reflected in financial competition.
In order to become an economic power, China must be a financial power and a capital market power in today's economic and financial globalization.
The launch of the international board aims to attract outstanding overseas enterprises to list in China. In this context, why do domestic high quality enterprises need to go overseas?
With the completion of the split share structure reform and the initial results of the reform of the IPO system, the pricing mechanism of the primary market in China's securities market is more market-oriented, the valuation is more reasonable, and the overall quality of the listed companies is continuously improving.
Obviously, the development of China's securities market is gradually standardized, internationalized and secure, and its competitiveness is gradually strengthened.
Against this background, the domestic high quality enterprises should not be far away from the risk and risk the "hunting" at any time.
Perhaps the recent textile and apparel stocks listed overseas have a strong backing, but it is worth noting that Chinese companies will be "messy" whether or not they are suspected of fraud.
The international board is coming. Do Chinese spinning and weaving enterprises need to go hunting?
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