The PCAOB said it is unclear whether full access to relevant audit documentation will be granted, and that any agreement would only be a “first step”.
March 28, 2022Vice-Premier Liu He said that the FSDC will propose “strong and effective responsive initiatives” to manage any risks which may endanger the financial system.
March 19, 2022Chinese regulators plan to allow some companies to provide some audit information to the PCAOB, and provide additional clarity on what information can and cannot be disclosed overseas.
March 17, 2022Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.
March 2, 2022The new framework takes effect on 1 January. A SPAC’s securities must be distributed to at least 20 institutional professional investors, down from 30 proposed during consultation.
December 20, 2021The FSDC says allowing SPACs to list in Hong Kong will help to bolster the city's status as a fundraising hub for the healthcare and biotech sectors.
November 18, 2021The FSDC says requiring SPAC shares and warrants to be distributed to at least 75 professional investors could present an "unnecessarily high threshold".
November 3, 2021Chinese authorities may be preparing for a major restructuring of Evergrande's debt, as protesting investors demand repayment on overdue wealth management products.
September 17, 2021The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.
June 16, 2021Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.
January 28, 2021