The New York offices of PricewaterhouseCoopers. [Photo/Sipa] Chinese authorities have slapped 441 million yuan ($62.1 million) in penalties and imposed a six-month business suspension on PwC’s auditing unit in the country, after the entity was found to have “covered up and even condoned” fraud at Evergrande Real Estate Group. The China Securities Regulatory Commission said … Continue reading PwC unit fined in Evergrande accounting fraud
Tag: CSRC
Stock market to be more efficiently regulated
A view of the China Securities Regulatory Commission headquarters in Beijing. PHOTO/CHINA DAILY Regulatory emphasis on the capital market’s support for the real economy and continued efforts to optimize the trading mechanism and infrastructure in the A-share market are conducive to the high-quality development of the Chinese stock market, said industry experts. Their comments were … Continue reading Stock market to be more efficiently regulated
China looks to strengthen regulation in capital market
People walk past the new Shanghai Stock Exchange building in Shanghai on March 29, 2023. [WANG GANG/FOR CHINA DAILY] The China Securities Regulatory Commission has announced to elevate IPO requirements, tighten delisting rules and strengthen the oversight of quantitative trading in a set of policy documents on Friday. The latest move is part of the … Continue reading China looks to strengthen regulation in capital market
China securities regulator to strengthen inspections on firms planning IPOs
An investor in Shanghai checks stock index movements on a mobile phone. [PHOTO by WANG GANG/FOR CHINA DAILY] BEIJING – China’s top securities regulator has said it would strengthen inspections on firms planning initial public offerings (IPOs) this year by increasing the intensity of inspections. The move, in line with a pledge in March by … Continue reading China securities regulator to strengthen inspections on firms planning IPOs