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 Tracking 1053 U.S. listed China Stocks and Counting...
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Harbin Electric, Inc. designs, develops and manufactures linear motors and special electric motors. With proprietary technology and core patents, the Company builds a wide array of customized linear motors and other special motor for a variety of applications and industries. The Company currently designs and supplies its motor products and systems to numerous end users throughout the Chinese domestic market, as well as, to other industrial OEM customers overseas. Industry applications for linear motors include oil field services, conveyor systems, factory automation, packaging equipment, as well as mass transportation systems. The Company is based in Harbin, China along with its wholly owned subsidiaries.

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muscleman 25-Sep-2011 12:37 PM
Post Type: Public Public
Interesting. I will take a closer look into those. For the first three, I put in the symbol in go (#12030) In Response to original message: #12029 posted by Jonsjon on 24-Sep-2011 10:06 PM

Interesting. I will take a closer look into those. For the first three, I put in the symbol in google finance and couldn't find anything. Could you please provide some links to their google finance web pages?

I looked at CFSG one year ago. I didn't know there were massive frauds in China hybrid space, so I was only looking for longs, but I already found a lot of accounting red flags then, so I avoided long this stock. Anyway, I took a quick glance now, and its financing seems to be provided by "Bank of America, N.A, The Hongkong and Shanghai Banking Corporation Limited and Citigroup Global Markets Asia Limited". Neither of these are Chinese banks, which are ordered by the government to tight up lending to non-state owned companies. In addition, this one's events are rolling much faster than HRBN, which is taking forever to happen. So this is not a good counter to my arguments.

I have heard from three of my friends that recently visited China, telling me about the high interest loan story. The geographic regions that they visited are far away apart. It is also on news paper, so it couldn't be fake. If you don't read Chinese, try google translation.

http://finance.sina.com.cn/g/20110527/23269911476.shtml

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