Tag Archives: fraud

A New Wave of Chinese Accounting Scandals Puts Pressure on Regulators to Act

The Sino Forest scandal last year put the spotlight on dodgy Chinese accounting. Chinese companies listed in the West and, were likely to become uninvestable, the Angry Analyst argued. Such negative publicity was also likely to damage confidence in Hong Kong listed stocks. Since then, a wave of new frauds in has hit Chinese companies in New York and Hong Kong, leading to growing pressure on Western regulators to take action.
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Transparently Time to Sell Chinese B Shares.

The entire Chinese stock market is feeling the weight of fraud fears, as growing concerns about accounting irregularities in US-listed stocks tars every stock with the same brush.
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