Slang for “tricksters” in Cantonese, the phrase has long been used in the former British colony to describe stocks suspected of being tainted by dodgy financial operators, from pump-and-dump traders to misleading corporate managers. Now, as China prepares to give its citizens greater access to smaller Hong Kong shares through a cross-border exchange link, the term is popping up in state-run media and Internet discussion groups across the mainland.
The message for Chinese investors venturing into Hong Kong: ignore the Lo Tsin at your peril.
