Source: CCTV.com
02-17-2009 13:48
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Background Report:
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Intro：
Hello, I am Yang Rui reporting live from Beijing. Chinese companies listed in the US are increasingly subject to lawsuits nowadays as local stakeholders get more demanding about the IPO public statement of the Chinese players.
Is such increasing amount of legal disputes related to the current financial meltdown? How shall we look at the predatory nature of the infamous naked short selling that practically feasts upon bodies of falling companies? How will Chinese players protect themsevles from litigations in the US?
We are joined here by Mr. Chen Hong, founder and CEO of the Hina Group and Mr. Christopher Terry, Partner of DLA Piper of Beijing. But up first, let's look at this story about China life, one of the victims of such class action lawsuits.
