I used to live in China and agree with your assessment....but what worries me....is that the SEC issue as I understand it relates to a problem not with the size of the company or even the financials themselves but with the release of that information to US authorities. The auditors say that releasing the information is a violation of Chinese law and the US regulators says we don't care and if we don't get it we're delisting you. So, whether its Sinopec or China Mobile and any of the big banks if the information is not released there's a problem. And given that to some extent its a political problem I think it makes it even worse. That's why I was wondering if you had any information on what would happen if they were delisted. I'm going to continue researching this, if I get information I'll post it here for you.
I've been very interested in Chinese Banks and Oil companies for a while....but have been concerned about this latest flap with the SEC where Chinese stocks/ADRs could be delisted if certain audit information is not forthcoming. Are you up on this at all and is it a legitimate concern? Or do you purchase the stock directly on the Hong Kong exchange?