U.S. Securities and Exchange Commission

Carson Block reveals Muddy Waters' secret weapon: the SEC

Illustration: Emilio Rivera

Muddy Waters, whose analyst reports triggered US$7 billion in losses for mainland Chinese stocks, used an unlikely secret weapon for its research: the public website of the United States Securities and Exchange Commission.

Thursday, 21 February, 2013, 6:07am

China MediaExpress 'fraudulent'

China MediaExpress 'fraudulent'

China MediaExpress (CME), which obtained a US listing without an initial public offering by buying a listed firm, was a fraudulent enterprise, a Hong Kong arbitration panel ruled, awarding Starr International as much as US$77 million in damages.

17 Jan 2013 - 4:19am

US regulators move in on Chinese audit laws

Auditors at firms such as Ernst & Young can struggle to thoroughly audit Chinese firms due to restrictive mainland laws. Photo: Bloomberg

Regulators in the United States have potentially jeopardised the listing of more than 100 stocks from the world's most populous nation, in a move to sanction auditors for blocking investigations at companies based in China.

6 Dec 2012 - 3:16am

Mainland tycoon faces insider trading inquiry in US

Billionaire Zhang Zhirong is at the centre of a probe involving China's biggest overseas acquisition.

A company controlled by the 43-year-old mainland-born entrepreneur who founded Hong Kong-listed shipbuilder China Rongsheng Heavy Industries is the subject of an insider-trading complaint filed by the US Securities and Exchange Commission.

30 Jul 2012 - 12:00am

Start spreading the news - a lot earlier

Knowledge is power. That is especially true when it comes to investing in initial public offerings. On July 8 in the SCMP, columnist Jake van der Kamp argued that retail investors seem to be getting too little of it - or rather that information on IPO issuers is being made available to the public too late in the process ('SFC appears to be in la-la land over listing documents').

16 Jul 2012 - 12:00am

Smart Money

Best resources for investing in Myanmar


16 Jul 2012 - 12:00am

Hontex told to pay back HK$1b to investors

A Hong Kong-listed company has been ordered to pay back more than HK$1 billion to investors after a landmark decision in the High Court.

The ruling came after sports fabric maker Hontex International Holdings used misleading information in its listing prospectus in 2009.

21 Jun 2012 - 12:00am

Fix the cracks in securities oversight

A Legco report has laid some of the blame for the Lehman Brothers minibond fiasco at the door of the city's officials, principally former Hong Kong Monetary Authority chief Joseph Yam Chi-kwong. Their defenders have cried foul, with one saying Yam should not take the blame for the global financial crisis.

9 Jun 2012 - 12:00am

Far East trio acquitted; case referred to SFC

A judge yesterday referred Far East Holdings, the listed company backed by the family of tycoon Deacon Chiu Te-ken, to the securities watchdog over what he termed poor and sloppy governance after acquitting former managing director Duncan Chiu and two other senior staff of stealing HK$61 million from it.

9 May 2012 - 12:00am

Wise heads reap benefits of doing their research

Retail investors often rush to buy stocks or invest in financial instruments without proper research. Strategists say it is imperative that retail investors know about the products or stocks they are buying. Research by a regional bank proves this point.

7 May 2012 - 12:00am

The great IPO gold rush hits brakes

China is planning tougher stock market regulations that will make it easier to delist companies and cool speculation in initial public offerings.

Both the Shanghai and Shenzhen stock exchanges said that they planned to widen the criteria for delisting companies to protect investors from companies that are not open about their financial position.

30 Apr 2012 - 12:00am

Ronald's last hurrah just shadow boxing

Operators of the world's 50 largest stock exchanges are working together to call for regulatory change to combat off-market trades in large blocks of shares held in so-called dark pools because they are concealed from scrutiny.

SCMP, April 23

26 Apr 2012 - 12:00am

Exchanges unite to take on dark pools

Operators of the world's 50 largest stock exchanges are working together to call for regulatory change to combat off-market trades in large blocks of shares held in so-called dark pools because they are concealed from public scrutiny.

23 Apr 2012 - 12:00am

Bad legislation underpins court's support for the SFC

In a landmark ruling, a Hong Kong court yesterday backed the securities watchdog's efforts to make US-based hedge fund Tiger Asia Management cough up the profit it made from alleged insider dealing.

SCMP, February 24

26 Feb 2012 - 12:00am

Beijing to increase support for brokerages

Beijing will expand a trial scheme for margin trading and short selling by establishing a third-party company that offers intermediary services for brokerages to borrow cash and equities from other institutions.

26 Oct 2011 - 12:00am