Former Hong Kong securities regulator gives China investment a ‘wide berth’

China’s economic growth is “a fiction” and the country’s stock-market rout will get worse from here, according to the former head of Hong Kong’s securities regulator.

Martin Wheatley, who also previously headed up the U.K.’s top financial watchdog, said there are many reasons for investors to steer clear of Chinese stocks.

Read:Here are the early signs China’s stock-market woes are starting to infect the rest of the world

Wheatley, who led Hong Kong’s Securities and Futures Commission for four years ending in 2010 and the U.K.

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