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Securities

Jun. 30, 2011

Here Be Dragons: Venturing Into Chinese Securities

Reverse mergers may be the best way to raise capital for some Chinese companies. By James Wong of Chinney Alliance Group


Recent legal buzz about China revolves around shady accounting practices at U.S. listed Chinese firms. Some two dozen actions have been filed in the last few months following the abrupt resignations of their auditors, mostly in California. Selling pressure has depressed stocks in companies like Sino-Forest Corp., pushing stock prices down some 90 percent in a few weeks. Noted trader John Paulson is rumored to have lost over $600 million in one investment. So have the chick...

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