Chinese Companies Setting Up in Cayman

By: Caribbean Journal Staff - July 28, 2011 - 2:58 pm

Many Chinese firms have chosen to create shell companies in the Cayman islands in order to control businesses back in China, according to the Wall Street Journal. Because they are in Cayman, they can issue American depository receipts that trade in New York exchanges, but manage to avoid some US securities laws. [WSJ]

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