J Crane & Company corporate blog

James Crane speaks at the RedChip Shanghai Conference

2010-01-30T10:08:00.004-05:00

Mr. Crane, Founder and President of 正凯 J Crane and Company, presented Longwei Petroleum Investment Holdings, Ltd. at the 2009 Shanghai RedChip Conference.

J Crane & Company President and Founder is Moving to China

2009-07-08T11:50:00.003-04:00

James Crane, and his family, will move to China on September 1, 2009. Both J Crane & Company and its clients continue to expand operations in China. Mr. Crane's sole focus will be the firm's Chinese clients.

“J Crane & Company is now fully committed to Asia. My family and I are excited to be part of the extraordinary economic growth currently taking place in China. China is a vibrant and exciting place to live and work right now, and the quality and quantity of the business opportunities existing in China far exceed those available to us in the US" Commented Mr. Crane.

William J. Keane III, CPA, MST joined J Crane & Company in June. He is in charge of the firm's operations in the US. He has over 13 years of experience in accounting and taxation, including 8 years in a management role for two of New England's premier CPA firms.

China's economy is in recovery

2009-07-01T10:02:00.003-04:00

IMF and World Bank predictions of 5% - 6% growth earlier this year were upgraded to 7.2% in May, however, our sources in Beijing report an 8% growth- as predicted by the PRC itself. This growth is largely due to the government's 4000 billion yuan injection into the economy, approximately 25% of which is channeled into the country's infrastructure. The impact of the investment can already be seen in China's growing demand for energy.

According to the Nautilus Institute publication by By Jia Xijin and Zhao Yusi, "Of the 4000 billion RMB investment, sustainable housing projects account for 280 billion, rural livelihood and rural infrastructure projects account for 370 billion, railways, highways, airports, and power grids in urban and rural areas account for 1800 billion, medical and health as well as culture and education projects account for 40 billion, investment in environmental projects account for 350 billion, independent innovation and structural adjustment account for 160 billion, and post-disaster restoration and reconstruction account for 1000 billion."

New hot-spot for finance, private equity and energy events

2009-06-25T12:21:00.004-04:00

Find all of the important upcoming conferences, forums and tradeshows in China and US at J Crane.

Receive event notifications in your email box as soon as they are listed.

New Poll

2009-05-15T16:43:00.014-04:00

Estimate the market return of the S&P 500 after the recession.

Will the S&P 500 come back by more than 148% to beat the great depression numbers? Or should we expect a less than 57% recovery?

See the historical market comebacks and take the poll

Listing on the NASDAQ or NYSE

2009-05-13T10:35:00.000-04:00

"Listing on the NASDAQ or NYSE presents many benefits. These mature markets are traded daily by investors throughout the world, generally have less volatility due to very large trading volume and analyst coverage, provide listed companies with superior access to capital and extensive transparency that bolsters investor confidence. Other markets throughout Asia and Europe do not offer all of these benefits, or the degree of the benefits is significantly less in comparison to the NASDAQ or NYSE."

- Dayong Zhou
Director of China Investment Banking

J Crane and Company Makes Key Hire in the Investment Banking Services Team

2009-05-08T10:30:00.003-04:00

"Dayong Zhou is an excellent addition to our Investment Banking Services Team. For the last 8 months, we have faced an overwhelming demand to broaden our investment banking services, and his extensive experience in the field will serve both our public and private company clients in China."
- James T Crane
Founder and president of J Crane & Company

Press Conference in Shanghai

2009-03-31T15:09:00.001-04:00

Press Conference Shanghai, roundtable
Originally uploaded by jcraneco1

James Crane heading the Round Table discussion on Reverse Mergers and Self Registration services provided by J Crane & Company to businesses in China

Jinrong Street interview with James Crane

2009-03-17T12:05:00.005-04:00

Reverse mergers were quite popular in China a couple of years ago, but a lot of Chinese entrepreneurs who went public on OTCBB market felt they were a bit cheated, because the power of raising capital on OTCBB was not as strong as they thought. The topic of Reverse Mergers and PIPEs issues were picked up again, what’s the reason for this?

1. What makes you to attend this conference in China, Shanghai?

We have had business in China with Chinese companies that are publicly-traded in the US since July of 2007. Currently, we work with three US publicly-traded Chinese companies. The Dealflow PIPEs event in Shanghai is very well known in the US and in China and we consider it a great opportunity to meet Chinese entrepreneurs who have an interest in bringing their companies public in the US. We own public shell companies and we provide outsourced financial and accounting services to ensure a reverse merger is completed in a timely manner. We recently completed a two year audit and filed with the SEC to complete a reverse merger in three weeks. We believe we have superior abilities and experience which allow us to work through issues and avoid delays.

2. What is the current RM/PIPE situation in America?

The PIPE market in the US is currently a situation of haves and have nots. What I mean is that there are investors who are actively funding PIPEs but the volume is down and the quality of the companies being funded is pushing many Chinese companies out of the market for financing from the US. We believe this makes the decision of who a Chinese company works with to complete a reverse merger or self registration more critical than ever. We have a contact base of over 200 private equity funds who have specifically told us they are interested in investing in Chinese reverse mergers.

3. What kind of opportunities and benefits are available for Chinese entrepreneurs to go IPO in America?

We strongly believe that now is the time to go public in the US but we that Chinese companies should demand that the valuations placed on their companies to be fair and not decreased as a result of the current market conditions. If a fair deal can be done then the Chinese companies will already be public when the stock markets in the US rebound. Additionally, the Chinese companies that we want to work with will be able to raise capital. It's a question of timing and positioning the company in teh most favorable light. That is a perfect position to be in.

Also, we are experts with the self registration process. Self registration is a cost effective means to becoming a public company in the US. It involves communications and filing of paperwork with various securities regulators in the US, namely the Securities and Exchange Commission and Federal Industry Regulatory Authority. We suggest you visit our website at http://www.jcraneco.com/self-registration/self-registration.html to learn more about self registration.”

4. What kind of traps those Chinese entrepreneurs may encounter while they are going IPO through RM? What kind of advices you would like to give to them?

We believe strongly in aligning our interests with Chinese companies. Therefore, we only complete transactions where we invest in Chinese companies. We request compensation in the form of stock and cash but we ensure that the stock portion of the compensation is more significant than the cash compensation. As a result, we are motivated to continue to build the business and prospects of the Chinese companies. We suggest Chinese companies avoid working with US individuals or companies who only want cash compensation.

5. At this moment, how do the downturn in the economy and the sloppy stock market affect RM business?

It is an opportunity. The downturn in the economy and decreasing stock prices of companies that are public right now are insignificant to a potential reverse merger candidate. Significant sale of stock after a reverse merger is completed is generally not possible due to restrictions associated with all investors in the reverse merger candidate such that they can not sell their stock for at least six months. Additionally, the cost to acquire a public shell company is decreasing, which therefore offers a cheaper but still very fast method of going public in the US.

6. Have you studied Chinese RM business, what’s the difference from American RM?

We have. The most significant difference is that Chinese companies completing reverse mergers to become US public companies generally have more mature businesses. Investors seem to be willing to take risks on US-based startup companies who want to complete a reverse merger but investors from the US have historically been unwilling to fund Chinese reverse mergers unless revenues for the Chinese companies are significant and they have or soon will have net income rather than losses.

James Crane & Chuck French are attending the International PIPEs Conference in Shanghai on March 25

2009-02-19T13:01:00.003-05:00

President and Founder, James Crane, and Director of Business Development, Chuck French, will attend the International PIPEs Conference 2009 held March 23nd to March 25, 2009 in Shanghai, China.

The International PIPEs conference 2009, produced by Deal Flow Media, is advertised as the most influential event covering cross-border investment in small-cap Chinese companies. The three-day conference covers technical education on laws and deal structures, company presentations, networking, and opportunities to meet with Chinese-based companies seeking financing.

Some of the specific topics that will covered at the event include: 1) Creative Financing Options for both Private and Public Companies; 2) Evaluating if an "Alternative" Public Offering is Right for your Company; 3) Resetting Expectations: Financial Markets, Business Activity and Economic Policy; 4) The Global Economic Crisis: What the Slowdown in the U.S. and other Countries Means for China in 2009; 5) How to Prepare Your Company for Being Public in the United States and a Discussion on Post-Listing Management;

“The conference is likely to attract scalable, high-growth potential businesses with a competitive advantage over their peers. Attendees will have a sincere interest in entering the next phase of growth that will ultimately require accessing the capital markets,” commented James Crane. “We fully believe in the U.S. capital markets and that the opportunity to become a public company in the U.S. is something every company that fits this profile should consider."

James Crane in Cleveland- 2/21 and 2/22

2009-02-16T14:23:00.000-05:00

James Crane will be visiting business contacts of J Crane & Company in
Cleveland on 2/21 and 2/22. If you are interested in our services and happen
to be in Cleveland, please feel free to call and set up an appointment while
he is there +1617-374-9200, or email info@jcraneco.com.