U.S.-China stock cooperation moves ahead with fines on two PwC China affiliates
The U.S. securities regulator’s accounting arm fined PwC’s Hong Kong and Shanghai units $7 million after hundreds of their workers cheated on online training tests Key Takeaways: The accounting arm…
China-U.S. IPO train creeps ahead with first new listing application
Majestic Ideal Holdings has become the first U.S. listing candidate to advance in a new application process required by China for all Chinese firms seeking to list abroad Key Takeaways:…
U.S. Gives High Marks to First Inspections of New York-listed Chinese Companies
The U.S. securities regulator’s accounting arm said it obtained ‘complete access’ to companies it targeted under a landmark information-sharing agreement reached in AugustKey Takeaways:The PCAOB gave a positive review of…
China, U.S. Stock Regulators Hope New Agreement Will Succeed Where Others Haven’t
New information-sharing deal will give U.S. accounting regulator access to audit records for New York-listed Chinese firms. But will it really get what it wants? Key Takeaways: Having reached a…
FAST NEWS: Fosun Pharma Raises $660 Million in Non-public Placement of A-Shares
The latest: Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (2196.HK; 600196.SH) announced on Wednesday it plans to raise up to 4.48 billion yuan ($660 million) through a non-public offering of about…
FAST NEWS: Ganfeng Lithium Investigated By Chinese Regulator for Suspected Insider Trading
The latest: Lithium compound producer Ganfeng Lithium Co. Ltd. (1772.HK; 002460.SZ) announced Sunday it’s facing an investigation by the China Securities Regulatory Commission (CSRC) for suspected insider trading in an…
Investors Unfazed as TAL Education Added to List of Chinese Firms at Risk of Delisting
The education company’s shares fell 1.6% after it was cited by the U.S. securities regulator for non-compliance with the Holding Foreign Companies Accountable Act Key Takeaways: The U.S. Securities and…
