What attracts Chinese companies to America?

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What attracts Chinese companies to America?

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The majority of the approximately 1,380 companies on China’s two stock exchanges are State Owned Enterprises (SOEs). However, 65% of the Chinese economy is driven by high growth small and medium-sized enterprises in the private sector, part of which Wall Street terms the “middle market.” Private ownership of businesses and assets is not only legal but also protected and strongly encouraged by the Chinese government because the thriving private sector provides the majority of jobs in China. Chinese domestic listings are virtually impossible for middle market companies due to an approximately three-year waiting period as a result of the thousands of listing candidates waiting in the pipeline. Global markets in Hong Kong, the U.S. and the U.K. have become viable alternatives with Hong Kong taking the No. 1 spot. Recently, private sector Chinese companies such as Mindray Medical, Suntech Power, and New Oriental Education and Technology have found enormous successes for themselves and for t