18-10-2011, 10:43 AM
(17-10-2011, 08:58 PM)pianist Wrote:dzwm87 Wrote:Ultimate question is this, how much effort do we need to do to be certain that a particular s-chip is free from any fraud risk. Maybe if they employ one of the big-4 auditors, it may ease some concerns though not certain that they will be completely fraud-lessfyi..in the recent year..if u go to hkex website..there are many noticeable announcements on change of auditors from the big 4 (by the H-shares) to china-based auditors. this is because hkex has relaxed some of the rulings/recognize these china-based auditors.
true true. Once again, just proven that there is nothing which can stamp a guarantee that risky investment comes with little risk. Reminds us of the credit ratings on subprime mortgages.
Well, as of now, staying clear of S-chips.. just need too much effort for a thorough investigation.