Mon, Dec 13, 2004 - Page 10 News List

Investors wary in wake of China Aviation's debacle

MORE SCRUTINY Analysts say that the troubles at the Chinese company -- which lost US$550 million in derivatives trading -- will make foreign investors more cautious

AFP , BEIJING

Some Chinese enterprises are gradually taking real steps towards better corporate governance, and not just to appear in a better light for foreign investors.

"They want to be taken seriously. They want to be attractive to foreign investors," Allen said.

"And some have realized that there is really something to corporate governance, and that it's not just icing on the cake. It helps you run your business and reduce risk," he said.

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