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Articles about Asia:

Keeping up with the Wang’s

Oct 29, 2013 | in Asia, China, Featured Articles, News

Keeping up with the Wang’s

In the United States we use the term keeping up with the Joneses as an idiom for comparing one neighbor’s accumulation of material goods to another. In China we might use the term keeping up with the Wang’s as the social equivalent. In both countries, failure to keep up with the material possessions of one’s neighbors is often perceived as a socio-economic or cultural inferiority. With a growing middle class, and an increasing number of affluent and super-rich, many Chinese now link their social status to material possessions. Social...

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Thornhill Capital selected to perform due diligence

Oct 18, 2013 | in Asia, China, Featured Articles, News, Spotlight

Thornhill Capital selected to perform due diligence

Thornhill Capital, one of the largest forensic due diligence organizations in China, was selected by a U.S. publicly traded Chinese company to review items outlined in an irregularity letter from the resigning audit firm. Thornhill was, as part of this assignment, required to independently verify and interview questionable suppliers and review bank information. Thornhill Capital successfully completed this assignment utilizing its in-country staff of forensic accountants and administrative staff. Alan Refkin, Chairman and CEO of Thornhill...

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Thornhill Capital selected for three due diligence assignments

Oct 11, 2013 | in Asia, China, Featured Articles, News, Spotlight

Thornhill Capital selected for three due diligence assignments

Thornhill Capital, one of the largest forensic due diligence organizations in China, was selected by a U.S. publicly traded Chinese company to provide three separate due diligence assignments. These involve tax reconciliation, asset verification, and cash verification. Thornhill Capital successfully completed these assignments utilizing its in-country staff of forensic accountants and administrative staff from Shanghai and Chongqing in the process. David Dodge, Senior Financial Advisor to Thornhill Capital, noted: “These assignments were...

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The Dumpling

Oct 8, 2013 | in Asia, China, Featured Articles, News

The Dumpling

When someone mentions a dumpling everyone, myself included, thinks Chinese. Steamed or fried dumplings seem synonymous with Chinese food just as hamburgers and fries are widely associated with America. But, in fact, dumplings are global and almost every society has invented and made the dumpling a part of their cuisine. Dumplings are basically cooked balls of dough that can be stuffed with meat, fish, vegetables, or anything else you want to put inside. You can boil, steam, fry, or bake them and they can be eaten separately or placed in soups...

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Thornhill Capital selected to provide audit support

Oct 4, 2013 | in Asia, China, Featured Articles, News

Thornhill Capital selected to provide audit support

Thornhill Capital, one of the largest forensic due diligence organizations in China, was selected by a U.S. publicly traded Chinese company to provide audit support, and to prepare SEC filings for an audit and five interim periods. Thornhill Capital successfully completed this assignment utilizing its in-country staff of forensic accountants and administrative staff from Beijing and Chongqing in the process. Alan Refkin, Chairman and CEO of Thornhill Capital, noted that many U.S. publicly listed Chinese companies want to ensure that they’re...

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The Origin of Money

Oct 3, 2013 | in Asia, China, Featured Articles, News

The Origin of Money

When my wife and I were at a retail store the other day I noticed that most people in line ahead of us used a debit or credit card. Few, in fact, used cash. Believing that we’re on our way to someday becoming a cashless society, I thought this would be a good time for me to give a brief history of the origin of money. In ancient times there was no physical currency. Instead, people bartered. They exchanged, between themselves, something that had a similar or greater value, or a utility they required. This practice dates back to at least...

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Thornhill Capital selected to perform due diligence

Sep 27, 2013 | in Asia, China, Featured Articles, News, Spotlight

Thornhill Capital selected to perform due diligence

Thornhill Capital, one of the largest forensic due diligence organizations in China, was selected by a U.S. publicly traded Chinese company to perform onsite due diligence and review items outlined in an inconsistency letter from the resigning audit firm. Thornhill Capital completed this assignment utilizing its in-country staff of forensic accountants from its Beijing office to independently verify and interview questionable customers and bank information and issued a report to the company. David Dodge, Senior Financial Advisor to Thornhill...

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Buying a Car in China

Sep 26, 2013 | in Asia, China, Featured Articles, News

Buying a Car in China

Buying a car at a dealership in China is the polar opposite of purchasing a car in the United States. There are two main features that set Chinese car dealerships apart from those in the U.S. The first is that they’re patient. It seems almost incomprehensible, but it’s true. In China, purchasing a car is a big deal and generally takes a great deal of one’s personal income. Therefore, a typical Chinese car buyer peppers the dealer with hours of questions while fiddling with the car. This may go on for two or three more sessions, and...

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Chinese Traditional Medicine

Sep 24, 2013 | in Asia, China, Featured Articles, News

Chinese Traditional Medicine

Traditional Chinese medicine (TCM) originated in China and has evolved throughout the centuries. TCM dates back almost 5,000 years. In ancient times primitive people just wanted to survive. They hunted, ate plants that provided sustenance, and built shelters. Over time they orally passed down which plants were good to eat, those which were poisonous, and those that helped rid the body of illness. Fire also played a central role in their lives. It provided warmth, light, gave relief from the cold and damp, and helped to ease a number of...

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Thornhill Capital selected for Foreign Corrupt Practices Act audit

Sep 19, 2013 | in Asia, China, Featured Articles, News, Spotlight

Thornhill Capital selected for Foreign Corrupt Practices Act audit

Thornhill Capital, one of the largest forensic due diligence organizations in China, was selected by an international investigative organization to assist with a Foreign Corrupt Practices Act (FCPA) audit. Thornhill Capital successfully completed this assignment utilizing its in-country staff of forensic accountants and administrative staff from Beijing and Chongqing in the process. Alan Refkin, Chairman and CEO of Thornhill Capital, noted: “Investors are increasingly going the extra mile to ensure that companies in which they’re investing...

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