Charles Li, the CEO of the Hong Kong stock exchange, has been on CNBC and again at home telling the world that the scandals happening with Chinese stocks on the American stock exchanges won't happen in Hong Kong.
Compared to the Reverse Mergers on the American Stock exchanges the Hong Kong exchange is indeed a beautiful garden with many flowers and some fruit trees.
But there are some weeds there - indeed many weeds there. Some have grown so high they are strangling the light.
And a diligent gardener does not ignore the weeds lest they starve the flowers and fruit-bearing plants.
So I hope to help Charles Li a little. He is blinded by the bright and beautiful flowers of China that litter his garden (ahem exchange). He can't see the weeds no matter how tall, how prominent.
Somebody has to help him so he can continue to tend his garden and so that it might continue to flower into the future.
So I am going to focus a little on Hong Kong in the future: a service to Mr Charles Li and thus a service to Hong Kong.
But hey - I figure there are far more weeds in Hong Kong than the ones I have found (though these weeds are very tall - they almost grow to the sky).
If readers want to help me find the weeds in Mr Li's garden please contact me through the blog.
Tuesday, June 28, 2011
Posted by John Hempton at 12:06 PM
The content contained in this blog represents the opinions of Mr. Hempton. Mr. Hempton may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Hempton's recommendations. The commentary in this blog in no way constitutes a solicitation of business or investment advice. In fact, it should not be relied upon in making investment decisions, ever. It is intended solely for the entertainment of the reader, and the author. In particular this blog is not directed for investment purposes at US Persons.