The United States (US) Public Companies Accounting Oversight Board (PCAOB), part of the Securities and Exchange Commission, has a variety of duties, one of which is to “inspect registered public accounting firms’ audits and quality control systems.” It had been unable to do this, however, in the case of many...
Tag: CSRC
July 7, 2020
China Ministry of Commerce data shows respectable year-over-year inward foreign direct investment growth (FDI) in April and May, with some hoping for continued growth in the 2nd half of the year. China’s new development initiatives for its Western regions are not succeeding in attracting inward FDI (IFDI) for both business…
April 11, 2020
United States (US) financial giant JPMorgan strikes terms for taking 100 percent stake in its Shanghai mutual fund joint venture (JV). US trade bodies write to US Department of Commerce head to warn about adverse effects of contemplated changes to US export controls of semiconductors and semiconductor equipment to China,…
October 12, 2019
China Ministry of Foreign Affairs (MOFA) spokesman rejects claim that Beijing is forcing American companies to abandon their values. China Securities Regulatory Commission (CSRC) has put forth the specific timetable when 100 percent foreign direct investment (FDI) stakes in brokerages, futures, and fund management companies will be allowed. United States…
August 2, 2019
In my March blog, I expressed skepticism about China’s financial sector reform due to Beijing’s myriad political and economic reasons for maintaining control of the banking, insurance, and securities sectors. Despite this and the fact we still need to see if many policies are implemented or implemented fully, there has...
January 28, 2019
Sinochem’s chairman predicts Chinese foreign direct investment (FDI) abroad will decrease due to trade tensions with the United States (US) and China’s domestic economic slowdown. Former China Securities Regulatory Commission (CSRC) chairman says China should make sure that its investment and financing projects meet international standards to quieten overseas criticism…
