DXF 0.00% 5.0¢ ding sheng xin finance co. limited

Hi htran, I am curious. Why do you think Chinese companies list...

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    Hi htran,
    I am curious. Why do you think Chinese companies list on the ASX only to see their share prices savaged and their wealth destroyed? I note that DXF is not the only one to suffer this.
    Chinese are renowned as traders and gamblers and so I would expect them to frequently trade these stocks but that does not seem to happen (at least with the main shareholders). Are they using the ASX as a way of capturing off-shore funds and so having some independence from Chinese supervision? Nevertheless, a large drop in share price is still very negative for any investor.
    People from this part of the world are very suspicious of Chinese business procedures. Someone has earlier referred to how a Chinese company listed in Aus can purchase assets in China at inflated values and it is very difficult for an Aus investor to know who is behind the sale and what the underlying value of the asset really is when the identities of the sellers are not revealed.
    As I say, I am interested in your opinion.
 
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