How could anybody trust it?
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Yes, of course. The largest is the Moscow Exchange.
And to answer the other part of the question about trust: All stock markets are risky. If you think one exchange is more risky you will not buy any stock on it until it’s cheap enough to make up for the risk.
people invest in chinese companies where the state owns half of it.
i just googled and found what i think it is there in the googles how about that one
as to your second question, i believe everything has some price which is a product of market forces