As controversies (often created by short sellers) continue to trouble Chinese stocks like NQ Mobile Inc (NYSE: NQ), an overlooked podcast/video interview by the China Money Network of Bing Lin, a portfolio manager at Hong Kong-based US$1.4 billion-under-management Keywise Capital Management, is worth listening to as he talked about why he believes there are still many major overseas listed Chinese stocks with fraudulent accounting practices and how 2014 will be a great year for shorting certain overseas-listed Chinese stocks:
In the interview, Bing Lin commented:
Based on my experience and observation, I think there is still widespread accounting abuse among listed (Chinese) companies, even some large ones.
There are no strong forces in Asia, in general, to go against those companies. Due to culture issues and regulatory framework, hedge funds here have not been aggressive in pursuing those opportunities.
He also described in detail some of the specific types of accounting abuses or frauds at Chinese companies.
You can also read the transcript of the interview (Bing Lin: Accounting Abuse Among Listed Chinese Companies Still Widespread) on the website of China Money Network.
Similar Posts:
- BNP Paribas’ Chi Lo: Patient Investors Should Build Up China Exposure Now (CMN)
- EXS Capital’s Solberg: China’s Property and Steel Sectors Look Interesting Now (CMN)
- China Bolsters Pension Fund as Fears Grow Over 2035 Doomsday (Nikkei Asian Review)
- Is China Still Uninvestable? A Conversation with Navis Jockey Fund (SumZero)
- Macro Tailwinds That Could Propel China’s Internet Sector (KraneShares)
- Beijing’s Didi Blast Shakes $2tn of China Stocks in US (Nikkei Asia)
- Emerging & Global Markets Catch Up With Reality (Krane Shares)
- Five Misconceptions About China’s Stock Markets (KraneShares)
- Aberdeen Asset Management’s China Update
- Interview with Herald van der Linde (Asian Century Stocks)
- Chinese Tech Stocks Down But Not Out As Sentiment Shifts (FA)
- US Citizens at Chinese Chip Firms Caught in the Middle of Tech War After New Export Restrictions (SCMP)
- What is the SEC Targeting Alibaba (BABA) About? (China Accounting Blog)
- How China’s Middle Classes Move Their Money Abroad (SCMP)
- Understanding China’s Onshore Equity Market Rally (KraneShares)
the first sentence in this aricle explains it all-controversies created by short sellers-#criminal imo