Financial Markets

Total 27 Posts

China Eases Restrictions on Foreign Strategic Investments

Earlier this month, the Ministry of Commerce (MOFCOM) and five other agencies jointly released the revised Administrative Measures for Strategic Investment by Foreign Investors in Public Companies. The revision reflects China's ongoing efforts to attract foreign capital while maintaining control over national security and other interests.

China-Germany Financial Dialogue

Over the weekend, China's Vice Premier He Lifeng and Germany's federal minister of finance Christian Lindner co-chaired the third financial dialogue in Frankfurt. The two sides made commitments on trade, investment, and regulatory cooperation.

PCAOB Publishes Reports on China Audits

The U.S. Public Company Accounting Oversight Board (PCAOB) published reports on inspections of two accounting firms that audited 40% of the total market share of U.S.-listed companies audited by Hong Kong and mainland firms. The reports noted "unacceptable rates" of deficiencies, as the audit firms

China's Banking Regulator Fines Standard Chartered and Four Other Banks

China’s banking and insurance regulator has recently imposed nearly 400 million yuan fines on five banks, including the Chinese unit of UK lender Standard Chartered Bank, for various violations of laws and regulations.

U.S. House Committee Holds Hearing on Chinese Economic Threats

The U.S. House of Representatives Financial Services Committee held a hearing yesterday on "Combatting the Economic Threat from China." Issues that were discussed at the hearing included: bilateral trade, outbound and inbound investment related to China, Chinese lending, TikTok, and China's presence in Latin American

Beijing Approves More Foreign Financial Companies

The Chinese government has sped up regulatory approval on foreign financial service business in recent months, after an official vowed last year to do more to "attract more outstanding international companies and talents to China's capital market."

Chinese Companies' Delisting Risk Averted for Now, Says PCAOB

Last week, a U.S. regulator announced that it has secured access to the audit records of Chinese firms, averting an imminent delisting crisis for over two hundred Chinese companies.
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