Financial Markets

Total 22 Posts

Beijing Approves More Foreign Financial Companies

The Chinese government has sped up regulatory approval on foreign financial service business in recent months, after an official vowed last year to do more to "attract more outstanding international companies and talents to China's capital market."

Chinese Companies' Delisting Risk Averted for Now, Says PCAOB

Last week, a U.S. regulator announced that it has secured access to the audit records of Chinese firms, averting an imminent delisting crisis for over two hundred Chinese companies.

Republican Senator Presses SEC On China Audit Agreement

A Republican Senator is pressing the Biden administration in relation to a cooperation agreement on financial audits signed by Chinese and American regulators. Political pressure of this sort could make it more difficult to have a functioning regulatory cooperation agreement.

China and U.S. Reach Landmark Audit Agreement; Implementation Remains To Be Seen

On August 26, Chinese and U.S. regulators announced that they signed an agreement on audit supervision cooperation. Officials on both sides made public comments offering their perspective on what was in the deal. Whether the deal will avert the delisting of over 200 Chinese companies on U.S. stock
SEC

Five Chinese SOEs Delist from NYSE

In a further development related to the U.S.-China spat over auditing requirements for Chinese companies listed in the United States, five Chinese state-owned companies have decided to delist from the New York Stock Exchange.

China Imposes Penalty for Financial Fraud in Cross-Border Investigation

China's Ministry of Finance (MOF) has imposed its first cross-border penalty for financial fraud on Malaysian listed company Lambo Group Berhad's subsidiary in China.
SEC

SEC Adds 12 Companies for Delisting, Reaching 140 in Total

The U.S. Securities and Exchange Commission recently added another 12 companies to its list of companies that fail to comply with U.S. auditing requirements and are therefore subject to possible delisting.
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