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The fall of the multi-billion dollar Sino-Forest Corporation is merely the most prominent show in the overseas-listed China stock scandal circus, as a colourful cast of auditors, corporate executives, exchanges, investors, regulators and short sellers argue over who’s to blame and what can be done about the alleged frauds and misdeeds now coming to light.
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Some of China’s wealthiest people are banding together to use their money and local knowledge to invest in the country’s growth businesses. Little is known about this underground investment culture. What chance do international private equity firms have of competing against them?
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Zhou Xiaochuan, the governor of the People’s Bank of China, awarded Euromoney’s Central Bank Governor of the Year 2011
