Didi passed its security review and is allowed to resume onboarding new customers. Government entities are acquiring "golden shares" in some tech giants.
January 18, 2023The voluntary delistings are a recognition that Chinese state firms will be unable to provide US regulators full access to their audit records as required.
January 18, 2023The FSS produced the guidance by analysing three years of cases where fraud and embezzlement were detected by external auditors.
January 9, 2023The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.
December 16, 2022The rule will require issuers to develop and implement a clawback policy for compensation that was erroneously awarded based on incorrect financial statements.
October 30, 2022PCAOB inspectors are expected to arrive in Hong Kong soon, but will have to serve three days in hotel quarantine before beginning work at PwC and KPMG's Hong Kong offices.
September 16, 2022The companies cited the small trading volume of their shares in New York, without mentioning any ongoing disputes between US and Chinese authorities.
August 15, 2022The amendments will prevent listed companies from operating as investment companies and circumventing rules applicable to fund managers.
August 4, 2022Chinese regulators have tried to mollify US regulators, but the PCAOB says it will accept nothing less than "full access" to the audit papers of US-listed Chinese companies.
August 3, 2022Alibaba is planning to upgrade its secondary listing status in Hong Kong to a primary listing, so that it can qualify for inclusion in Stock Connect and benefit from mainland investment.
July 27, 2022