LEHMAN, LEE & XU China Lawyers |
China Corporate Governance News |
August 2013 |
The China Corporate Governance News keeps you on top of business, economic and political events in the China. |
|
In the News |
Tiger Media, Inc. to Present at China Best Ideas Investment Conference, September 10, 2013 at the Beijing Four Seasons |
2013 China Best Ideas Investment Conference 2013 China Best Ideas Investment Conference is focused on providing investors with a selection of Chinese public companies listed in the U.S. with strong business models, a commitment to corporate governance, and solid investor transparency. As such, Tiger Media, Inc. has been selected as one of the most attractive names from China that international investors should be paying attention to. Details of the presentation are as follows: Time & venue: 4:30-5:00p.m. in the Imperial I at the Four Seasons Beijing Presenters: Peter Tan CEO The management will also be available for on-on-one meetings with investors upon request. To learn more about the conference go to www.chinabestideasconference.com or contact Crocker Coulson at +1(646) 213 1915 or crocker.coulson@ccgir.com The China Best Ideas Investment Conference is hosted by CCG Investor Relations ("CCG"), a leading global investor relations and strategic communications consultancy, and Marcum Bernstein & Pinchuk (“MBP”), a top-ranking U.S accounting and consulting firm with a substantial China practice. With a selection of small- to large-cap companies in sectors including internet, consumer, healthcare, technology and energy, the China Best Ideas Investment Conference can serve as a great introduction to investments that are leveraged to China’s growth. On the afternoon of September 9, 2013, CCG and MBP will host a Capital Markets & Accounting Bootcamp at the Beijing Four Seasons that is designed to provide U.S.-listed Chinese companies with a full range of strategic options to finance growth and create value, educate CFOs on the latest accounting and finance issues, and educate private companies about the going public process and market environment. The event is free to attend for invited company management and for qualified institutional investors. Source: http://www.businesswire.com/news/home/20130816005062/en/Tiger-Media-Present-China-Ideas-Investment-Conference
|
Hiring by JP Morgan Chase in HK Is Questioned |
A probe by US regulators into hiring practices by J.P. Morgan Chase JPM 0.00 percent & Co. in Hong Kong touches on a common issue for many big investment banks: the hiring of children of senior Chinese officials. The Securities and Exchange Commission is looking into the bank’s hiring of Chinese officials’ children and how those hires may have helped J.P. Morgan win business, the New York Times reported. The bank hired the son of the now-chair of China Everbright Group and the daughter of a Chinese railway official, according to the report, which cited a confidential US government document. J.P. Morgan went on to win several assignments with financial conglomerate Everbright and helped manage the more-than-$5 billion initial public offering of state-controlled China Railway Group’s 601390.SH -1.10 percent stock, the report says. “We publicly disclosed this matter in our 10-Q filing last week, and are fully cooperating with regulators,” Hong Kong-based J.P. Morgan spokeswoman Marie Cheung said Sunday, referring to the investigation. Neither J.P. Morgan nor the people it hired have been accused of any wrongdoing, according to the report. Many investment banks and other multinationals have hired children of senior Communist Party figures who are commonly known as “princelings.” They may help multinational companies develop relationships in China. International investment banks including Credit Suisse AG, Goldman Sachs, GS -0.06 percent Citigroup, C -1.00 percent Bank of America BAC +0.70 percent and Macquarie Group MQG.AU -0.05 percent have brought the children of current or former political officials on board, according to previous reporting by The Wall Street Journal. Diplomats and bankers say former Premier Wen Jiabao’s daughter, Wen Ruchun worked for Credit Suisse in Beijing for a period. The Wall Street Journal reported the connection in 2011. In 2005, the Swiss bank hired Janice Hu as head of investment banking in Hong Kong, according to a company memo. She is the granddaughter of a party chief in the early 80s. Bank of America Merrill Lynch’s China Chair Margaret Ren is the daughter-in-law of a former party chief. Australian investment bank Macquarie hired Ronald Liu, the son of former China Banking Regulatory Commission Chair Liu Mingkang, to work for a stint in China, people familiar with the matter said. Representatives for Credit Suisse, Bank of America Merrill Lynch, BNP Paribas, BNP.FR +2.10 percent Goldman Sachs and Citigroup weren’t immediately available for comment. A Macquarie spokeswoman didn’t immediately have a comment. There is nothing illegal about hiring the children of top officials. None of the banks or the people they hired have been accused of any wrongdoing. Source: http://www.intellasia.net/hiring-by-jp-morgan-chase-in-hk-is-questioned-301447
|
|
|