27-11-2013, 02:01 PM
(27-11-2013, 12:27 PM)specuvestor Wrote: [ -> ]I think the main framework should be to go after the promoters and give more regulatory co operation between SGX and CSRC. CSRC cannot say it is not their business if they list overseas. Authority to charge them under PRC laws will be a start.
In short give more teeth to SGX to pursue frauds. Extradition treaties would help a lot.
I do differentiate charging them in China court remotely from Singapore, than charging them via local authorities, especially those with big tooth e.g. CSRC. One is just waste of time, but the other might work even before the proceedings started...
