How do you gauge a Chinese firm if you want to set up a joint venture or buy its wind turbines? For a westerner, it is not always easy, said experts at Infocast's first US-China Wind Summit in December. One description that kept recurring was "opaque". The fact that initial public offerings are being made does bring new levels of accountability and transparency. Yet, if a firm is listed on a Chinese stock exchange, it may only be a partial listing. When partly state-owned Xinjiang Goldwind Science & Technology, or Goldwind, floated on the Hong Kong stock exchange in October, less than 20% of the company was listed.
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