China Stock Exchanges Name Parents Treating Listed Subs like ATMs

June 2nd, 2006

The Shanghai and Shenzhen stock exchanges have publicly named a list of firms they accuse of missapropriating funds.

PRC English-language coverage is here. The list is published in Chinese here. Its Chinese title is:

关于上市公司大股东及其附属企业非经营性资金占用的通告(上海证券交易所2006年第一号)

2 responses

  1. Micah comments:

    Might the “liquidity-driven stock market rally” mentioned in the linked article have anything to do with the clamping down on the real estate market?

  2. Administrator comments:

    Undoubtedly!

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