Hall of Shame

Welcome to the beginnings of the GMT Research Hall of Shame. We’re trying to collate as much information as possible on the hundreds of Asian frauds perpetuated in public markets over the past few decades. If you have any additional names or comments on the frauds, please drop us a line at [email protected].

Yearsorting01 Namesorting01 Tickersorting01 Sectorsorting01
2019 Rural Funds Group RFF AU Real Estate
2020 China Aoyuan 3883 HK Real Estate
2016 Australia China Holdings AAK AU Real Estate
Changjiang Fertilizer Holdings CJFH SP Real Estate
Mingfa Group 846 HK Real Estate
China HGS Real Estate HGSH US Real Estate
China Housing & Land Development CHLN US Real Estate
2019 Sky Solar SKYS US Utilities
2010 China Natural Gas CHNG US Utilities
Sound Global 967 HK Utilities
2008 Bio-Treat Technology BIOT SP Utilities
2019 Qutoutiao QTT US Communication Services
2020 58.com WUBA US Communication Services
2019 Nova Group 1360 HK Communication Services
2011 China Century Dragon Media CDM US Communication Services
2018 Momo Inc. MOMO US Communication Services
2011 Sina Corp SINA US Communication Services
2011 Qihoo 360 Technolgy Co QIHU US Communication Services
2011 Focus Media Holding FMCN US Communication Services
NetEase NTES US Communication Services

Source: Shortsellers' websites, Bloomberg, Companies, GMT Research.