Reversing Course on China

Roth Capital Partners, which helps Chinese companies tap the U.S. capital markets, has sharply scaled back its China operation after a string of corporate-accounting scandals soured investors on the kinds of deals it promoted.

 Newport Beach, Calif.- based Roth Capital, a boutique investment bank that says it has raised more than $3.1 billion in financing for China-based clients since 2003, recently closed its China office and dismissed the bulk of the roughly dozen employees who worked there, according to people with direct knowledge of the situation.

The firm's office on the 31st floor of Shanghai's K. Wah Centre skyscraper appears to be empty, with a sheet of plastic covering the door. 

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