How do Chinese Companies list on US Markets?

Many would be surprised to know that famous many well known Chinese public companies listed in the US markets are actually Cayman Island entities. Some of these companies like Baidu, CTrip, China Sunergy, Focus Media, Shanda, Noah Education Holdings, VanceInfo, Tom Online and Vision China Media to name a few are actually Cayman Island entities. 

This offshore structure provides flexibility for exit strategies whether an IPO or acquisition, reducing US Corporate taxes and reducing the impact of China's currency exchange restrictions.