Total 16 Posts
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.
During a recent meeting on the digital economy at the Chinese People's Political Consultative Conference (CPPCC), Chinese Vice Premier Liu He said the government will support the development of the digital economy and the listing of tech companies both domestically and abroad. Other members of the CPPCC also offered opinions
China's securities regulator is currently soliciting public comments on a recently issued draft of measures on cybersecurity issues in the securities and futures sector. The comments are due by May 29.
The U.S. Securities and Exchange Commission (SEC) recently added nearly 90 companies in the technology, biotech, airline and auto sectors to its list of companies that fail to comply with U.S. auditing requirements and are therefore subject to possible delisting.
China's legislative body recently passed its first Futures and Derivatives Law after nearly a decade of work. The law aims to provide a legal basis for various activities in the market, as well as cross-border transactions. The new law will take effect on August 1.
So far this month, the U.S. Securities and Exchange Commission (SEC) has identified another 29 firms that failed to comply with U.S. auditing requirements and are therefore subject to possible delisting.
In a draft regulation, the China Securities Regulatory Commission (CSRC) and several other agencies recently updated rules governing audit and accounting information of domestic companies listed abroad. The new rules could potentially remove some hurdles for U.S. regulators to access Chinese listed companies' audit working papers.