No. of Recommendations: 2
"HONG KONG (MarketWatch) — Concern over Chinese corporate governance is growing, with one major Hong Kong brokerage warning of increased risks of corporate fraud as the economy slows, and a noted investor casting doubt on China’s accounting.

CLSA head of Asia research Amar Gill said he was concerned that many of China’s publicly listed companies could undergo an increase in abuses, with the potential for some insiders to drain such companies of cash as if they were personal ATM machines.

Gill warned financial strains weighing on individual investors could result in cases where “controlling shareholders will use listed companies to bail out their private interests.”"

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