Ctrip the market value evaporation 9.4 billion Yuan concept shares again suffered financial scars

The Chinese concept shares are again under the financial "scars" of overseas listing financing into the frozen period financial scars again tumbled the Chinese concept stocks.　　Many foreign-listed Chinese companies were below expectations in the three quarter, with Ctrip's net profit growth of only 2% per cent and a downgrade by international investment banks such as Goldman Sachs, which has evaporated nearly 9.4 billion this year.　　Analysts said that the recent Chinese companies to go abroad to enter the frozen period, financial fraud remains a stumbling block, foreign financing also need to do a good job "ledger." Wen/table reporter Zhang Zhonghan Monday Nasdaq Composite Index fell 0.8%, of which the Chinese concept stocks were affected by the third quarterly, with 33 stocks falling by more than 3%.　　Among them, the rich-dimensional film fell 19.1% on the day, leading the Chinese concept stocks. The Ctrip, which has been downgraded by a number of investment banking giants, has been downgraded. Data show that Ctrip 2011 in the third quarter attributable to shareholder net profit of 325 million yuan, year-on-year increase of only 2%. Affected by this news, Ctrip share price plunged 13.6%, the same day, the report received 29.10 yuan. Ctrip's share price has fallen 26.8% per cent since this year, according to the same flower data.　　In 136 million of its shares, the company's market capitalisation has evaporated about 9.379 billion yuan this year. Goldman gave Ctrip a "sell" rating and lowered its target share price from 32 to $29.　　Merrill Lynch also lowered its Ctrip target price from $48 trillion to $39.　　Only one company listed in five months now the Chinese concept shares in the U.S. capital markets has entered the frozen period, five months only one company successfully listed. "Now listed companies, because of financial fraud and performance problems, share prices have plummeted, most of the break."　　"A fund analyst who has been tracking offshore capital markets for a long time told reporters.　　Statistics show that from March to date, 18 Chinese companies have been suspended by Nasdaq or the New York Stock Exchange (Weibo), and 8 companies listed in the United States have been ordered to retire since December 2010. Overseas listing financing also need to manage the "ledger" China concept stocks overseas listing when thawing?　　Professionals point out that in order to be able to finance a smooth listing, Chinese companies are most urgent to manage the books. Canada has stepped up its oversight of China's concept stocks after a bout of shorting in the US securities market.　　Josef, chief executive of investment agency Ipox, recently said that the financial scandals that preceded the Chinese concept stocks not only caused investors to suffer 100% of losses, but also prompted the SEC to tighten scrutiny of IPOs in the US, which still closed the door to the IPO. A new survey by one of the country's leading financial websites suggests that 82.39% of respondents believe that Chinese companies listed in the U.S. may be rife with suspicion of fraud, and that 65.74% do not believe that the main reason for the recent slump in the Chinese concept stocks is the decline in the US market.