Benjamin Wey for Businesses Entering the Chinese Market

Before jumping into the Chinese market, businesses today need to do their research. As Benjamin Wey, president of the New York Global Group, explains, China is not dazzled immediately by Western brands the way that they used to be.

Businesses need to do their homework and make sure that the product they are introducing is one that the Chinese people would use and one that they don’t already have in China. Sometimes, it is also helpful to partner with a local company to cut down on costs and to help with inventory.

Being in the Chinese market is certainly important today, explains Ben Wey. Most Western businesses do feel that, if they aren’t in China, then they are “not in the largest growth market in the world.”

Learn more about Ben Wey’s advice and how to enter the Chinese market with care and thought.

NYGG Press Release

The New York Global Group with Benjamin Wey recently sent out an important press release warning about corporate identity theft.
In the press release, issued by James Baxter, Esq., they explained that "We have become aware of a warning issued by Finansinspektionen (the Swedish Financial Supervisory Authority) warning investors against dealing with unauthorized firms, and referencing a fraudulent company which has used our corporate name.


Find out more details about this situation and about what the NYGG has to say about it.

lkjlkjklsdfThe New York Global Group with Benjamin Wey recently sent out an important press release warning about corporate identity theft.
In the press release, issued by James Baxter, Esq., they explained that "We have become aware of a warning issued by Finansinspektionen (the Swedish Financial Supervisory Authority) warning investors against dealing with unauthorized firms, and referencing a fraudulent company which has used our corporate name.
Find out more details about this situation and about what the NYGG has to say about it.The New York Global Group with Benjamin Wey recently sent out an important press release warning about corporate identity theft.
In the press release, issued by James Baxter, Esq., they explained that "We have become aware of a warning issued by Finansinspektionen (the Swedish Financial Supervisory Authority) warning investors against dealing with unauthorized firms, and referencing a fraudulent company which has used our corporate name.
Find out more details about this situation and about what the NYGG has to say about it.James Baxter, Esq., General Counsel of New York Global Group, Inc. ("NYGG", website: www.nyggroup.com, address: 40 Wall Street, New York, New York 10005, USA) issued the following statement today warning against corporate identity theft which has been committed by unknown parties:
(Logo: http://photos.prnewswire.com/prnh/20100915/NY65608LOGO)
"We have become aware of a warning issued by Finansinspektionen (the Swedish Financial Supervisory Authority) warning investors against dealing with unauthorized firms, and referencing a fraudulent company which has used our corporate name. The Swedish press release cites a company called New York Global Group, with a fraudulent address of 14 Wall Street, Suite 1225, New York, NY 10005, and a misleading website of www.newyorkggi.com from which they are apparently misleading the public.
"NYGG has no affiliation with this organization, nor the individuals referenced on the site www.newyorkggi.com. We have reported this corporate identity theft, and fraud to the FBI and to the Swedish Financial Supervisory Authority, and intend to fully cooperate with domestic, and international authorities on this matter."

Source: PR Newswire (http://s.tt/1bKmG)Baxter, Esq., General Counsel of New York Global Group, Inc. ("NYGG", website: www.nyggroup.com, address: 40 Wall Street, New York, New York 10005, USA) issued the following statement today warning against corporate identity theft which has been committed by unknown parties:
(Logo: http://photos.prnewswire.com/prnh/20100915/NY65608LOGO)
"We have become aware of a warning issued by Finansinspektionen (the Swedish Financial Supervisory Authority) warning investors against dealing with unauthorized firms, and referencing a fraudulent company which has used our corporate name. The Swedish press release cites a company called New York Global Group, with a fraudulent address of 14 Wall Street, Suite 1225, New York, NY 10005, and a misleading website of www.newyorkggi.com from which they are apparently misleading the public.
"NYGG has no affiliation with this organization, nor the individuals referenced on the site www.newyorkggi.com. We have reported this corporate identity theft, and fraud to the FBI and to the Swedish Financial Supervisory Authority, and intend to fully cooperate with domestic, and international authorities on this matter."

Source: PR Newswire (http://s.tt/1bKmG)

Understanding IPOs and Reverse Mergers

The New York Global Group (NYGG) with Ben Wey has recently created a highly informative document about IPOs and Reverse Mergers. Entitled, "REVERSE MERGER AND IPO – TWO LEGITIMATE OPTIONS FOR ACCESSING THE PUBLIC CAPITAL MARKETS" they outline why reverse mergers are not the sinister approach to capital markets that many believe they are.

They explain in the document that, "On February 2, 2011, in a CNBC TV interview, Mr. Robert Greifeld, the CEO of the NASDAQ OMX Group candidly discussed the NASDAQ’s views towards listing reverse merger companies, particularly those from China. Despite the reporters’ obvious efforts to denigrate Chinese reverse mergers as providing less disclosure and lower audit standards than IPOs, Mr. Greifeld stated the truth and refused to confirm the short sellers’ thesis. Mr. Greifeld stated: “Let’s make it clear – they are identical, the accounting firms that audit the Chinese companies have to be approved by PCAOB just the same as US company has to be. So those are identical and there are no differences.”

Read the entire document as a beneficial resource for any company looking at IPOs and reverse mergers.

China’s Growth Moderating in Manufacturing and Non-Manufacturing Sectors

Chinese Economy Still Growing Strong

As the world’s second largest economy continues to expand, China is showing signs of doing so at a more moderate pace, according to the most recently released data which monitors China’s economic growth.

China’s growth in the non-manufacturing sector, as measured by the Purchasing Managers Index, or PMI, went down by 0.9 percentage points in May reaching 55.2 percent. The information was released on Sunday, June 3rd, by the China Federation of Logistics and Purchasing (CFLP.)

The PMI also fell in the previous month, from March to April, by 1.9 percent, to 56.1 percent. As long as the PMI stays above 50 percent the economy is expanding. Numbers under 50 percent describe economies that are contracting.

"The non-manufacturing economy has maintained steady and strong growth as the PMI in May remained on a high level despite a small retreat," said CFLP Vice Chairman Cai Jin.

Last Friday the CFLP announced the PMI for the Chinese manufacturing sector. May’s number indicated a halt to a five-month consecutive growth in this sector, with a 50.4 percent PMI for May, down from 53.3 percent in April.

Analysts believe that the robust Chinese economy is responding to the economic crisis in Europe which has hampered exports from China and a decrease in investment due to a slowing down in the real estate market.

The economic climate in China is nevertheless still bright, as the sub-index for business activity stayed high at 65.4 percent, just slightly off of April’s figure by 0.7 percent.