Well, then. Not to ask you to turn murky water into clear, but after looking at your two points, where the heck does that lead?
Another question too since you are open to answering: when people say a company wants to associate with a listed company to "get access to the American capital market", what does that mean?
Why could a growing, profitable company in China not get financing from an American entity on their own? Why would they have to be associated with a listed company?