Tag: China
SubscribeAuditing Showdown with China Nearing a Conclusion?
Remember the Holding Foreign Companies Accountable Act? Securities and Exchange Commission Chair Gary Gensler warned the world last year that the law, which took effect at the end of 2020, could start causing problems in the United States f...
Read MorePublic Company Accounting Oversight Board Moves to Investigate Foreign Auditors
Earlier this month, Securities and Exchange Commission Chair Gary Gensler fired a warning shot at China-connected companies. In a Wall Street Journal op-ed, the head of the regulatory agency warned that by early 2024, it may need to prohibi...
Read MoreSEC Responds to Chinese Crackdown with New Disclosure Requirements
Time to add a new term to your financial vocabulary: variable interest entities, also known VIEs. They’re playing a key role in an escalating economic tiff between the United States and China, and U.S. disclosure rules are changing as a res...
Read MoreCompanies Caught in the Middle of U.S.-China Rivalry
If you thought a change in presidential administrations might ease tensions between China and the United States, think again. When representatives of the rival nations gathered earlier this month in Alaska for their first formal meetings si...
Read MoreNYSE Caught in Political Fight Over China
If you don’t like the New York Stock Exchange’s policy toward China’s state-run telecoms, just wait. It could change at any moment. The NYSE said last week it will delist China Unicom, China Telecom and China Mobile. But that announcement c...
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