While Hong Kong became the world's largest market for initial public offerings last year, the US capital markets remain first choice for many mainland China companies looking to raise capital.
Worryingly for investors though, an increasing number of Chinese companies are being sued in the US courts for allegedly supplying prospectuses that contain false or misleading information.
According to Stanford Law School's securities class action clearinghouse, the number of securities class action filings made in the US against foreign companies has risen steadily in the past decade and last year accounted for about 20 per cent of the total.
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