I expected SCMP would quickly become way more pro-China, supportive of central government on every issue after purchase by Ma, but while that has happened to some extent, it was very gradual.
Ma has stated that he wanted the paper to represent China to the outside world from more angles and perspectives.
Personally I find the mixed editorial stance annoying. I wish it would be more decisively one-side like most Western outlets I'm used to. But it really is mixed and has something for everyone, and it's true that you can find perspectives from "both sides" or "multiple sides" there, so I think it is achieving its objective of representing China in a fair way to readers.
For those reasons I think SCMP is a very reliable source for news on the region if you cannot read Chinese / even if you can. If you combine perspective across SCMP, a Western outlet, and a Chinese outlet (like: http://en.people.cn/) you get a much more faithful idea about China just reading one.
[1] https://en.wikipedia.org/wiki/South_China_Morning_Post#Purch...
[2] https://en.wikipedia.org/wiki/South_China_Morning_Post#Contr...
Besides, that's beside the point. What would be the motivation to lie here?
If the idea is to appeal to foreigners outside of China, then why would anyone outside of China care if some Chinese companies go bankrupt or not?