Whatever that means.
From Sarah Lacy's "Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit from Global Chaos. Page 82.
Summary: Shenzhen has a small company stock exchange on which the standards are lower the major exchanges for listing. The US government has refused repeated requests for allowing small listing with reduced red tape for the stated purpose of protecting investors.
Easier to exit by going public in China. What? Go go paternalistic government. First seat belts laws, then helmet laws, now mandatory purchase of health insurance. Even kid's playgrounds have to made so safe that I would not have found them fund. Oh yeah, video game playgrounds are safe, and fun. I'm so out of touch with reality.
Friday, May 6, 2011
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