01.07.2014 | Access to Chinese records

Alaco recently appeared in the UK's The Independent newspaper commenting on the transparency of Chinese corporate records.

"[...] In light of the new restrictions on access to company filings, fraud investigators had to resort more than ever to "human source" inquiries – interviews with people, in other words.

It is a widely-held view in the due diligence community, as Jonathan Russell, senior associate at business intelligence company Alaco says: "China's attitude to corporate governance and the public disclosure of corporate and legal data can be seen as schizophrenic. They're not making it easy to get hold of what would generally be considered standard public documents such as corporate records. However, the crackdown on bribery and corruption should be welcomed. [...]"

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