PYA’s Steven Gu Discusses Chinese Financial Market in Live CCTV America News Interview

CCTV News, one of 42 television channels produced and broadcast by China Central Television, the world’s largest broadcaster with a reach of more than 1.2 billion viewers, recently interviewed Steven Gu, Director of PYA’s U.S.-China Business Advisory Services.  During the live broadcast, Gu shared his insights about the recovery of China and Hong Kong’s IPO market.

In terms of funds raised, Hong Kong was the world’s No. 1 IPO market in the first three quarters of 2016.  Despite pressures stemming from slowed economic growth in China and weak economic recovery globally, IPO activities in Hong Kong continued successfully in comparison to the Shanghai Stock Exchange (2nd) and the New York Stock Exchange (3rd).

“Economic fundamentals are improving,” said Gu.  “The long-term and short-term interest rates remain low; the worries about China’s economic growth rate and share depreciation of Chinese RMB [Renminbi] have receded.”  He also pointed out that the mainland China IPO market–resumed from a five months’ suspension following September 2015–is picking up the pace, and investor sentiment likewise is improving.  Several sizable deals, especially the most recent $7.4 billion Postal Savings Bank of China IPO, will act as a spur to any new IPO listings.  With the soon-to-be-launched Hong Kong-Shenzhen connect program, the market recovery most likely will continue through Q4, boding well for Hong Kong to remain the biggest IPO market for 2016.

CCTV News is a global English language, 24/7 news and current affairs channel that can be viewed in more than 85-million homes across more than 100 countries and territories. Through cable and satellite, it is in nearly 30-million households (encompassing 75-million viewers) in the United States.

If you would like more information about U.S.-China Business Advisory, contact one of our executives below.

Steven Gu

Steven Gu

Director of US-China Business Advisory Services

Eric Elliott

Eric Elliott


Tom Ballard

Tom Ballard

Chief Alliance Officer

Related Posts
Becker’s Hospital Review recently published an article by PYA Consulting Manager Kathryn Culver. The article, “The Conflict Between Post-Acquisition Compensation and the Value of Your Medical Practice,” explores the inverse...
Read More

The Conflict Between Post-Acquisition Compensation and the Value of Your Medical Practice

The Tax Cuts and Jobs Act (TCJA) of 2017 brings sweeping changes for many businesses. Along with a reduced corporate tax rate and the elimination of the Alternative Minimum Tax...
Read More

Looking Ahead: Net Operating Loss Rules under the New Tax Act

Are you feeling unease about the impending Tuesday, April 17 tax filing deadline? Fear not –the Internal Revenue Service (IRS) permits a taxpayer to file an extension to allow time...
Read More

The Tax Deadline Looms: Need More Time?

Businesses are increasingly reliant on technology to achieve organizational objectives. However, with the convenience and efficiency of technology come intensifying risks of data loss and theft. High-profile data breaches top...
Read More

Cybersecurity Framework “SOCs” It to Cyber Threats

PYA has released a white paper that discusses the importance of the AICPA’s cybersecurity risk management framework and System and Organization Controls for Cybersecurity in assessing the strength and effectiveness...
Read More

New PYA White Paper: Framework Offers Companies Solution for Cybersecurity Risk

Medicare cards are getting a much-needed facelift.  The Centers for Medicare & Medicaid Services has announced its intention to remove Social Security numbers from the cards in an effort to...
Read More
Medicare card scam

New Medicare Cards in the Mail—Don’t Fall Prey to Scammers

The ink on the Tax Cuts and Jobs Act (TCJA), which swept in a tidal wave of changes to federal tax rules, had been dry for only seven weeks before...
Read More

New Budget Agreement Brings Additional Tax Changes

To help you organize and prioritize important 2018 deadlines, we’ve provided this summary of due dates for various tax-related forms, payments, and other actions.  Be aware that some deadlines have...
Read More

No Excuses—New Tax Deadlines You Need to Know

Share This Insight

If you received value from this article, please share it with your network (e.g., Facebook, Twitter, LinkedIn). Icons below for your convenience.

Stay Current

* indicates required
Monthly eNewsletters
See more newsletter and alert options.

PYA Population Health Ascend

PYA Healthcare Blog

PYA Thought Leadership Services

The Healthcare Loop