Drew Bernstein, Co-Chairman, MBP was quoted on Cheddar TV regarding legislation that would ban Chinese companies from trading on U.S. exchanges without well-regulated auditing.
"The first challenge of auditing Chinese companies is the geographic distance. It is critical that auditors of Chinese companies understand local Chinese customs and business practices. This is one of the reasons why MBP employs more than 100 people in China, in six different cities. Despite new legislation, Chinese companies still have a lot of choices of where they can go public."