“(China’s) legal system can effectively give fraudsters immunity from prosecution because it does make stock fraud against foreigners a crime”
Buyer beware.
(From Real Clear Markets)
A bill made its way through the Senate that would bar U.S. listings by Chinese companies that are state-owned or that have not been audited by firms overseen by the Public Company Accounting Oversight Board for three years…
…many of the listed firms are simply shells that have the economic interest of their Chinese businesses assigned to them.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2020/06/chinas-legal-system-can-effectively-give-fraudsters-immunity-from-prosecution-because-it-does-make-stock-fraud-against-foreigners-a-crime/
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