Businessweek says:

Big-ticket IPOs in New York and Hong Kong for Chinese banks and insurance companies make headlines. But in recent years another class of Chinese company has been quietly tapping the international capital markets. Enterprises that don't have the heft or profits for a splashy initial public offering are finding they can get a coveted overseas listing through a reverse merger.

To read more:

http://www.businessweek.com/magazine/content/07_10/b4024067.htm?chan=globalbiz_asia_today%27s+top+story