China's stock markets have some terrible companies.
Managers often scam to get listed and lie through rights issues as losses mount.
But surprisingly, one of China's most notorious heaps might find salvation. By Stephen Green China's stock markets have some terrible companies. No rule is sacred, no scam too dirty in the effort of some managers to win that all-important listing place. Once there, the most brazen then lie their way through several rights issues while undisclosed losses mount up. Hongguang Industries, a Chengdu -based manufacturer of electrical goods, is the king of the sinners.