The Securities and Exchange Commission is investigating allegations that U.S. firms and individuals have joined with partners in China to steal billions of dollars from American investors through stock fraud, according to people familiar with the probe.
On Monday, the SEC made an example of an auditing firm that it said had failed to protect U.S. investors from overstatement of revenue by a Chinese firm. The commission said it had reached a settlement with the firm -- Moore Stephens Wurth Frazer & Torbet -- and with Kelly Dean Yamagata, a partner. As part of the settlement, the firm will be temporarily barred from accepting new auditing assignments in China and will pay $129,500.
Three China-based reverse merger companies so far have disclosed current SEC investigations: China Sky One Medical(CSKI) Fuqi International(FUQI) and Rino International(RINO). China Sky One Medical has conceded inaccuracies in filings in China in a press release. Fuqi has received a delisting notice from the Nasdaq.These are the Top China Stocks Stocks
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Ticker Company
ACH Aluminum Corporation Of China Limited
ACTS Actions Semiconductor Co., Ltd.
ADY Feihe International, Inc.
ALN American Lorain Corporation
AMAP AutoNavi Holdings Limited
AMBO Ambow Education Holding Ltd.
AMCF Andatee China Marine Fuel Services Corporation
AMCN AirMedia Group Inc.
AOB American Oriental Bioengineering Inc.
APWR A-Power Energy Generation Systems, Ltd.
ASIA AsiaInfo-Linkage,Inc.
ATAI ATA, Inc.
ATV Acorn International, Inc.
BCDS BCD Semiconductor Manufacturing Limited
BEST Shiner International, Inc.
BIDU Baidu, Inc.
BITA Bitauto Holdings Limited
BONA Bona Film Group Limited
BORN China New Borun Corporation
BSPM Biostar Pharmaceuticals, Inc.
BWOW Wowjoint Holdings Limited
CAAS China Automotive Systems Inc.
CAGC China Agritech Inc.
CALI China Auto Logistic Inc.
CBAK China BAK Battery, Inc.
CBP China Botanic Pharmaceutical Inc.
CBPO China Biologic Products, Inc.
CCCL China Ceramics Co., Ltd.
CCGM China CGame, Inc.
CCIH ChinaCache International Holdings Ltd.
CCM Concord Medical Services Holdings Limited
CCSC Country Style Cooking Restaurant Chain Co., Ltd.
CEA China Eastern Airlines Corp. Ltd.
CEDU ChinaEdu Corporation
CELM China Electric Motor, Inc.
CEU China Education Alliance Inc.
CGA China Green Agriculture, Inc.
CHA China Telecom Corp. Ltd.
CHC China Hydroelectric Corporation
CHGS China Gengsheng Minerals, Inc.
CHLN China Housing and Land Development, Inc.
CHOP China Gerui Advanced Materials Group Ltd.
CHRM Charm Communications Inc.
CIIC China Infrastructure Investment Corp.
CIS Camelot Information Systems Inc.
CISG Cninsure Inc.
CJJD China Jo-Jo Drugstores, Inc.
CLNT Cleantech Solutions International, Inc.
CMED China Medical Technologies Inc.
CMFO China Marine Food Group Limited
CMM China Mass Media Corp.
CNET ChinaNet Online Holdings, Inc.
CNGL China Nutrifruit Group Limited
CNIT China Information Technology, Inc.
CNTF China Techfaith Wireless Communication Technology Limited
CNYD China Yida Holding, Co.
COGO Cogo Group, Inc.
CPGI China Shengda Packaging Group Inc.
CPHI China Pharma Holdings, Inc.
CREG China Recycling Energy Corporation
CRIC China Real Estate Information Corporation
CSKI China Sky One Medical, Inc.
CSUN China Sunergy Co. Ltd.
CSUND China Sunergy Co. Ltd.
CTC IFM Investments Limited
CTEK Clean Tech Innovations
CTFO China TransInfo Technology Corp.
CTRP Ctrip.com International Ltd.
CVVT China Valves Technology, Inc.
CXDC China XD Plastics Company Ltd.
CYOU Changyou.com Limited
DANG E-Commerce China Dangdang Inc.
DATE Jiayuan.com International Ltd.
DEER Deer Consumer Products, Inc.
DHRM Dehaier Medical Systems Limited
DL China Distance Education Holdings Limited
DQ Daqo New Energy Corp.
EDU New Oriental Education & Technology Group
EFUT e-Future Information Technology Inc.
EJ E-House (China) Holdings Limited
FEED AgFeed Industries, Inc.
FENG Phoenix New Media Limited
FFHL Fuwei Films (Holdings) Co., Ltd.
FSIN Fushi Copperweld, Inc.
FUQI Fuqi International, Inc.
GA Giant Interactive Group, Inc.
GAME Shanda Games Limited
GEDU Global Education & Technology Group Limited
GPRC Guanwei Recycling Corp.
GRO Agria Corporation
GRRF China GrenTech Corp. Ltd.
GSH Guangshen Railway Co. Ltd.
GSI General Steel Holdings, Inc.
GU Gushan Environmental Energy Limited
GURE Gulf Resources, Inc.
HEAT SmartHeat Inc.
HGSH China HGS Real Estate Inc.
HMIN Home Inns & Hotels Management Inc.
HNP Huaneng Power International Inc.
HOGS Zhongpin, Inc.
HOLI Hollysys Automation Technologies, Ltd
HPJ Highpower International, Inc.
HSFT hiSoft Technology International Ltd.
HSOL Hanwha SolarOne Co., Ltd
HTHT China Lodging Group, Limited
ISS Isoftstone Holdings Limited
JASO JA Solar Holdings Co., Ltd.
JKS JinkoSolar Holding Co., Ltd.
JNGW Jingwei International Limited
JOBS 51job Inc.
JRJC China Finance Online Co. Ltd.
JST Jinpan International Ltd.
KH China Kanghui Holdings
KNDI Kandi Technologies, Corp
KONE Kingtone Wirelessinfo Solution Holding Ltd.
KONG Kongzhong Corp.
KUN China Shenghuo Pharmaceutical Holdings, Inc.
KUTV Ku6 Media Co., Ltd.
LAS Lentuo International Inc.
LDK LDK Solar Co., Ltd.
LFC China Life Insurance Co. Ltd.
LIWA Lihua International, Inc.
LONG eLong Inc.
LPH Longwei Petroleum Investment Holding Limited
LTON Linktone Ltd.
MCOX Mecox Lane Limited
MOBI Sky-mobi Limited
MR Mindray Medical International Limited
MY China Ming Yang Wind Power Group Limited
NCTY The9 Limited
NED Noah Education Holdings Ltd.
NEP China North East Petroleum Holdings Limited
NEWN New Energy Systems Group
NFEC NF Energy Saving Corp.
NINE Ninetowns Internet Technology Group Company Limited
NKBP China Nuokang Bio-Pharmaceutical Inc.
NOAH Noah Holdings Limited
NPD China Nepstar Chain Drugstore Ltd.
NQ NetQin Mobile Inc.
NTE Nam Tai Electronics, Inc.
NTES NetEase.com, Inc.
OINK Tianli Agritech, Inc.
ONP Orient Paper, Inc.
OSN Ossen Innovation Co., Ltd.
PACQ Prime Acquisition Corp.
PSOF Pansoft Company Limited
PTR PetroChina Co. Ltd.
PWRD Perfect World Co., Ltd.
QIHU Qihoo 360 Technology Co. Ltd
QKLS QKL Stores Inc.
QXM Qiao Xing Mobile Communication Co., Ltd.
RCON Recon Technology, Ltd.
RDA RDA Microelectronics, Inc.
RENN Renren Inc.
RINO RINO International Corporation
SCEI Sino Clean Energy Inc
SCOK SinoCoking and Coke Chemical Industries, Inc.
SCR Simcere Pharmaceutical Group.
SEED Origin Agritech Limited
SFUN SouFun Holdings Ltd.
SGOC SGOCO Group, Ltd.
SHI Sinopec Shanghai Petrochemical Co. Ltd.
SHP ShangPharma Corporation
SHZ China Shen Zhou Mining & Resources, Inc.
SIHI SinoHub, Inc.
SINA Sina Corp.
SKBI Skystar Bio Pharmaceutical Company
SMI Semiconductor Manufacturing International Corp.
SNDA Shanda Interactive Entertainment Ltd.
SNP China Petroleum & Chemical Corp.
SOHU Sohu.com Inc.
SOL ReneSola Ltd.
SORL SORL Auto Parts, Inc.
SPRD Spreadtrum Communications Inc.
SPU SkyPeople Fruit Juice, Inc.
SSRX 3SBio Inc.
STP Suntech Power Holdings Co. Ltd.
STV China Digital TV Holding Co., Ltd.
SUTR Sutor Technology Group Limited
SVA Sinovac Biotech Ltd.
SVN 7 Days Group Holdings Limited
SYSW Syswin Inc.
TAOM Taomee Holdings Ltd.
TBET Tibet Pharmaceuticals, Inc.
TBOW Trunkbow International Holdings, Ltd.
THTI THT Heat Transfer Technology, Inc.
TPI Tianyin Pharmaceutical Co., Inc.
TRIT Tri-Tech Holding, Inc.
TSL Trina Solar Limited
TSTC Telestone Technologies Corp.
TUDO Tudou Holdings Limited
UTSI UTStarcom Holdings Corp.
VALV Shengkai Innovations, Inc.
VIMC Vimicro International Corp.
VISN VisionChina Media Inc.
VIT VanceInfo Technologies Inc.
VNET 21Vianet Group, Inc.
WH WSP Holdings Ltd.
WUHN Wuhan General Group (China) Inc.
WWIN Winner Medical Group Inc.
WX WuXi PharmaTech (Cayman) Inc.
XIN Xinyuan Real Estate Co., Ltd.
XING Qiao Xing Universal Resources, Inc.
XNY China Xiniya Fashion Limited
XRS TAL Education Group
XUE Xueda Education Group
YGE Yingli Green Energy Holding Co. Ltd.
YOKU Youku.com Inc
YONG Yongye International, Inc.
YTEC Yucheng Technologies Limited
YZC Yanzhou Coal Mining Co. Ltd.
ZA Zuoan Fashion Limited
ZNH China Southern Airlines Co. Ltd.
ZOOM ZOOM Technologies, Inc.
ZSTN ZST Digital Networks, Inc.
ZX China Zenix Auto International Ltd.
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