Understanding China, One Blog at a Time

An American in China

Poorly Performing Chinese Companies in the USA

Posted by w_thames_the_d on May 20, 2011

Underperforming S&P

Chinese companies that have gone public in the U.S. this year have underperformed the Standard & Poor’s 500 Index by 6 percent on average from their first trading day through May 17, according to Bloomberg data. Companies that had U.S. IPOs this year outperformed the benchmark index by 5.5 percent.

That reflects, in part, a concern that China’s central bank will add to four interest-rate increases since mid-October to cool inflation. The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, has advanced 2.3 percent this year, trailing the MSCI AC World Index’s gain of 4.1 percent.

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