ZhongAn Insurance IPO Draws Attention to Low Valuation of Fanhua

ZhongAn has just completed an IPO and the money-losing company closed ts first day of trading with a market cap of US$12Bn, 4.9X book value. ZhongAn's revenues are almost entirely from online sales of non-traditional products (e.g. Shipping Return insurance) and novelty products (e.g. Phone Screen Crack insurance) Fanhua acts as an agent for sales … Continue reading ZhongAn Insurance IPO Draws Attention to Low Valuation of Fanhua

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US Listed Chinese companies are finding ways to access the Chinese Equity Market

The 30+ pending buyouts of US listed Chinese companies are driven by the higher valuations available to similar businesses in the domestic Chinese equity market. ┬áBut recent announcements demonstrate ways that companies can issue shares in China without undergoing privatization restructuring and relisting: Soufun will inject assets into an existing Shanghai listed shell company CNinsure … Continue reading US Listed Chinese companies are finding ways to access the Chinese Equity Market