Luckin Coffee, TAL Education Group, Puda Coal, Kangmei Pharmaceuticals, Huishan Dairy, Sino-Forest…
Singapore investors would also remember the S-Chip debacle of 2009 with stocks like China Sun Bio-Chem and Eratat Lifestyle.
These are just some of the many scandals that have plagued Chinese stocks. Thanks to these black sheep, some investors avoid investing in China altogether.
More recently, the US Trump administration has also announced their intentions to delist Chinese stocks on US exchanges that do not comply with US accounting and listing standards.
Source: Financial Times
While such news leave the impression that China is full of stock scandals, there are also great businesses that have doubled, tripled, 10x and even 50x their value for shareholders over the past 2 decades.
These are just some of them:
We should also point out that although it seems like “the wild, wild West East” in China (where frauds run prevalent without control), fraudulent companies can be found in...