longshort

Considerations on Investing in China

To Chinesepetti
Neither do I wish China ill. If you like American history, please appreciate its tolerance of different opinions. I definitely agree with what you said about truth and news. What my points are based is what I experienced during recent 10 years. So please don't just call anybody shamful. Present your points based on the truth and logic. Did you verify the truth anyway? How? The obvious conflicts of interests doesn't mean Mr. Petti lies. I didn't see your logic. But you always taking something for granted. Criticizing the system in China doesn't mean getting out totally. Don't be so absolute. Actually the world doesn't exist in 1 or 0. It should be something else between 0 and 1. Filthy air and pollution is the price. If you'd like do business with China or travel in China, you should tolerate it. If you feel the risk not worthy, you could get out. But everybody has different tolearance of risk. As you can't tolerate the criticize. That's OK. But learn your logic.

Considerations on Investing in China

To chinesepetti:
There are people working on getting through credit crisis.

But as you said, wishing ill for other nation is not going to help get over your own problems. Don't waste your time arguing with others. If you could, please work out the plan to help China out, especially for those potential middle-class and ordinary working class. I really hope so because I am a Chinese

Considerations on Investing in China

Everybody would be unsatisfied with what he did before. When one new financial inovation comes to the market, I guess there is no guarantee we have the auditing tech in place.

Just like the new medicine, FDA approval is a dilemma. Shall we use this medicine? For this, we must wait. Just like the patent dilemma, shall we wait years to get through approval procedure. this is not necessary.

My opinion is that we should not wait years to use those financial tech or inovations until every enforcement is in place. Otherwise, we can't get an efficient market, which costs more. So when there is situations, what would be the remedy? I think I havn't seen any in China.

BTW, people don't have to be perfect to criticize. If the prequalification for criticizing others is that you should be perfect. I think only GOD could do so.

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.