Chinese firms not spooked by US-Sino accounting debacle

Some 30 Chinese firms could list in the US this year, the largest number since 2010, despite an ongoing accounting row between China and the US, Reuters reported. Accounting irregularities and corporate governance issues have forced many US-listed Chinese companies to be delisted since 2011. The delistings have prompted investors to be more discerning about China IPO candidates. The bar for Chinese companies seeking US deals is higher, but some experts say opportunities for fraud still exist. Alibaba Group Holding, China’s second-largest e-commerce firm, could list in the US this year.