China’s securities watchdog is tightening its grip on IPO approvals and treasurers need to be forewarned and forearmed when it comes to floating a company
Failure to implement effective internal controls and comply with accounting standards have emerged as key pitfalls for companies wanting to go public in China.
Regulatory roundup: ISO revises currency codes - rules out bitcoin; Japan establishes council to enforce corporate governance code; Philippines issues guidance on separation of clients' assets
Fearful of crunches in liquidity, China’s securities watchdog wishes to overhaul money market fund regulations. They are broadly in line with international standards.
The US and China have agreed to allow the US accounting watchdog to access audit papers of US-listed Chinese firms alleged of fraud. A handful of the major accounting firms were holding off supplying the information for fear of breaking Chinese law.
China’s forex regulator issued a new guideline on January 28 simplifying the repatriation of IPO proceeds raised by China Inc abroad. Jerry Zhang (pictured) of Cadwalader, Wickersham & Taft explains how Circular 7 works.