Latest China Bond Default Raises Questions About Financial Reporting

The video discusses financial issues faced by a laminating film maker and a detergent company, both of which reported strong cash positions but later failed to meet bond payments. Investors are concerned about the credibility of financial information, as these companies' cash reserves seem to have vanished. The video emphasizes the need for investors to conduct thorough due diligence, especially with industrial companies, while noting that property developers are less concerning due to their tangible assets.

What was the situation with Reward Science and Technology three months after claiming to have cash?

What advice is given to investors regarding due diligence on Chinese companies?