The Public Company Accounting Oversight Board (“PCAOB”) announced on December 15, 2022 that it has secured complete access to inspect and investigate audit firms in mainland China and Hong Kong for the first time in history....more
12/22/2022
/ Audits ,
Capital Markets ,
China ,
China Securities Regulatory Commission (CSRC) ,
Corporate Governance ,
Delisting ,
Foreign Jurisdictions ,
Hong Kong ,
Listing Standards ,
PCAOB ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC)
On August 26, 2022, the U.S. and Chinese governments reached a Statement of Protocol (“SOP”) Agreement regarding cooperation on inspecting the audit work papers of U.S.-listed Chinese companies. The SOP is the culmination of...more
China is operating increasingly on a cashless basis. In 2020, cashless transactions amounted to US$49 trillion, accounting for every four out of five payment transactions. The Chinese government has now taken a large leap in...more
On December 30, 2020, the EU and China announced the conclusion of the negotiations of the investment treaty, the EU-China Comprehensive Agreement in Investments (CAI). The CAI represents a strategic opportunity for EU...more
In response to U.S. President Trump’s June 4 Memorandum calling for “firm, orderly action to end the Chinese practice of flouting American transparency requirements without negatively affecting American investors and...more
8/27/2020
/ Audits ,
Capital Markets ,
China ,
Cross-Border Transactions ,
Disclosure Requirements ,
Foreign Investment ,
Investor Protection ,
Listing Rules ,
PCAOB ,
Securities and Exchange Commission (SEC) ,
Transparency ,
Trump Administration ,
Working Groups
On April 26, 2020, the Standing Committee of the National People's Congress, China’s top legislature, passed the second draft of the country’s Biosecurity Law (“Draft Biosecurity Law”). Once promulgated, this will become the...more
On May 20, 2020, the U.S. Senate passed S.945, the Holding Foreign Companies Accountable Act (“Bill”), which requires certain public companies to disclose whether they are owned or controlled by a foreign government,...more
5/31/2020
/ China ,
China Securities Regulatory Commission (CSRC) ,
Corporate Governance ,
Disclosure Requirements ,
Foreign Governments ,
Investor Protection ,
Legislative Agendas ,
Listing Standards ,
Nasdaq ,
NYSE ,
PCAOB ,
Publicly-Traded Companies ,
Regulatory Agenda ,
Regulatory Oversight ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
Since the beginning of the COVID-19 outbreak, the Chinese government has been concerned about the pandemic’s economic impact and swiftly adopted a range of measures to support businesses, foreign trade and investments....more