27 Aug '15, 4am

Heard of China's fake handbags and Rolex? Now there's a fake #GoldmanSachs operating in Shenzhen

China has been accused of pirating movies, handbags, Rolexes - even cars. Add Goldman Sachs to the list. Goldman Sachs (Shenzhen) Financial Leasing Company has been operating in the city just across the border from Hong Kong using a nearly identical English and Chinese name as the New York-based financial institution, Goldman Sachs Group. It claims on its website to be one of the city's largest financial leasing firms. A receptionist answering the phone at the Shenzhen company who declined to give her name said it's not affiliated with the US bank and wouldn't offer how it got its name, emphasising it includes Shenzhen. It's the first time she's been asked the question, she said. A filing with the Shenzhen government indicates the company has been operating since May 2013. The company uses the same Chinese characters, gao sheng, as the real Goldman Sachs, and its English f...

Full article: http://www.scmp.com/news/china/money-wealth/article/18529...

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