Dec. 11, 2008 (China Knowledge) - AFH Holding & Advisory LLC, a global advisory and consulting firm, expects to see more Chinese small and medium-sized enterprises (SMEs) to offer new shares in the U.S. stock markets next year, sources reported, citing Amir Heshmatpour, AFH's managing director, as saying.

The U.S. economy will probably recover later next year, maybe the second or third quarter, said Heshmatpour. He expected the upturn to spur interest among Chinese SMEs in listing in the U.S. stock markets.

Heshmatpour noted currently 90% of the company's business is in the Chinese market in sectors including oil and gas services, cable, metals and industrial appliances, adding AFH has a special focus on Chinese SMEs as it recruits candidates for potential U.S. listings, primarily on the American Stock Exchange.

He said AFH is facing more challenges amid the economic downturn worldwide, as many companies decided to weather the slowdown instead of going public in a bear market.

Reprinted with permission from China Knowledge

CONTACT INFORMATION
Amir Heshmatpour
Managing Director
amir@afhholdingandadvisory.com
310-300-3431