longshort

Considerations on Investing in China

To duder,
I am really surprised about your logic as a law professional.

As a former auditor in big four auditing Chinese public companies listing in US, HK, Singapore, UK and China exchanges, I really worry about the transparancy issues. Even audited by the prestigious firms, you could not trust the statements without any enforcement system. Let's say, what if you become one of victims in those accounting shenanigans. If they happened in one Chinese listing company, I would not expect there will be another Anthur Anderson. If you say you have the experience to handle that, I would say you now have tremendous opportunities to file class suit. When I used to be a lawyer practising in China, I didn't find there were any. So Law professor, do give me a call when you find some.