The immediate efect is rejoicing, as SGX is overpaying for ASX and the over favourable terms, but longer term SGX is feeling isolated and vulnerable, and we are afraid that they may resort to even looser regulations in an attempt to compete with Hongkong,in their eagerness to attract listings on our bourse. We heard rumours, under the former CEO, that their SGX officials went into the Chinese villages to persuade small businesses to list over here, keeping a blind eye on their integrity and suspicious Balance sheets.It is no open secret that Chinese Companies keep two sets of Accounts, for obvious reasons, and SGX investors in such S chips become the suckers. If you want to invest in S chips, go to Hongkong where prestigious China Companies go to list. Never invest here, you lose and die is your own business in Singapore, our Govt would not even bat an eyelid, all our Govt cares is to expand our financial centre status, even if citizens here lose money, so what.
The immediate efect is rejoicing, as SGX is overpaying for ASX and the over favourable terms, but longer term SGX is feeling isolated and vulnerable, and we are afraid that they may resort to even looser regulations in an attempt to compete with Hongkong,in their eagerness to attract listings on our bourse.
ReplyDeleteWe heard rumours, under the former CEO, that their SGX officials went into
the Chinese villages to persuade small businesses to list over here, keeping a blind eye on their integrity and suspicious Balance sheets.It is no open secret that Chinese Companies keep two sets of Accounts, for obvious reasons, and SGX investors in such S chips become the suckers. If you want to invest in S chips, go to Hongkong where prestigious China Companies go to list. Never invest here, you lose and die is your own business in Singapore, our Govt would not even bat an eyelid, all our Govt cares is to expand our financial centre status, even if citizens here lose money, so what.