這家名為Pomerantz Grossman Hufford Dahlstrom & Gross的律師事務所提出的集體訴訟，代表了所有在去年4月26號至今年8月27號期間，通過美國預託證券形式購買中石油股票的投資人。官司要求中石油 作出賠償，但索償的具體數額還不清楚。
Li Ka-Shing Pulling Out of China Sends Signals
Recently, Asia’s richest man Li Ka-shing, has sold
his properties in mainland China and Hong Kong.
He has actively invested in Europe.
Li’s move has aroused a lot of speculation.
It is rumored that he “exits Hong Kong to go overseas".
On September 4, Wang Shi, China’s renowned
entrepreneur, posted on his micro-blog.
Wang said:"Shrewd Mr. Li Ka-shing is selling his properties
in Beijing, Guangzhou and Shanghai.
This is a signal, and pay attention."
Wang’s message has provoked a heated discussion
A Beijing netizen posts, “This is not just a signal.
it is exactly a startup.
On such a large scale, Li’s real estate sale suffices to
shake the housing market and the market confidence."
Lawyer Zhang Mengsheng, says that “Li Ka-shing
does not seem to seek the biggest profit.
Rather, he has sold the assets before the housing prices
reach their peak.
Does it mean that the housing market
is going to crash? “
An entrepreneur in Shandong Province thinks Li Ka-shing’s
exiting China may be influenced by political factors.
Some other netizens commented that “This suggests that
Li Ka-shing has foreseen increased risk of social unrest.
Social unrest is the biggest enemy of the rich."
Ifeng.com website reported that in the last month,
Li Ka-shing’s companies have announced selling real estate in the mainland.
These include ParknShop supermarket chain, Shanghai’s
35-story Oriental Financial Center building,and Guangzhou’s
Metropolitan Plaza and its parking lots.
The assets are worth
about 41 Billion Hong Kong dollars.
Petrochina Sued For Misleading US Investors
Radio France Internationale reports that a U.S. law firm
has sued PetroChina Co. in the US.
PetroChina is accused of failure to make timely disclosures
of corruption information, which had misled investors.
Prior to this, PetroChina top executives were probed
for corruption by the Chinese authorities.
The lawsuit was brought by law firm, Pomerantz Grossman
Hufford Dahlstrom & Gross.
It represents the buyers who bought PetroChina shares
from April 26, 2012, to August 27, 2013.
The suit claims compensation, the specific amount
is yet unclear.
Lawyers Appeal To Withdraw Charges Against Whistleblower
Journalist Liu Hu
China’s journalist Liu Hu has been detained in Beijing,
charged with “creating troubles and provocation “.
Liu had blew the whistle on a high-ranking official
over the internet.
His lawyers are now appealing to Beijing police officials
to withdraw the charges against Liu.
On September 4, Radio France Internationale quoted
three Beijing-based lawyers.
They said that the official charges against Liu
They argued that an investigative reporter’s
online whistle-blowing is essentially different from spreading rumors.
The investigative reporter is practicing constitutional
watchdog rights, and the rights of a civil servant.
The lawyers note that the police should have launched full
investigations based upon the whistleblower’s evidence.
Instead they are punishing him.
Liu Hu is now being held in Beijing First Detention Center.