Despite a wave of accounting scandals at Chinese companies, a 58 percent majority of capital markets executives at investment banks believe the number of U.S. IPOs from China-based businesses will increase in 2014, according to a new survey by the accounting and consulting firm BDO USA LLP.
When those expecting an increase were asked to identify the most prominent factor for an increase in China-based offerings on U.S. exchanges, 40 percent cited the perception of an improved commitment by the Chinese to meet U.S. accounting and governance expectations, while 35 percent cited Chinese regulators agreeing to provide the U.S. with more access to documents at Chinese audit firms.
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