U.S. gives failing marks to independent auditors of New York-listed Chinese companies
The accounting arm of the U.S. securities regulator found major problems with work done by two independent auditors for seven of eight Chinese companies it inspected Key Takeaways: The accounting…
Big Banks Test the Waters for New China Listings With QuantaSing IPO
The adult education specialist’s IPO underwriters include Citigroup, as well as two of China’s biggest investment banksKey Takeaways:Investment banking majors Citigroup and China’s CICC and CLSA are sponsoring a new…
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…
FAST NEWS: Hotel Operator Atour Jumps 17% in New York Trading Debut
The latest: Shares of Chinese hotel operator Atour Lifestyle Holdings Ltd. (ATAT.US) surged as much as 55% to a high of $17.05 in their trading debut on the Nasdaq last…
FAST NEWS: PCAOB Completes Chinese Stock Audits Ahead of Schedule in Hong Kong
The latest: Officials from the U.S. Public Company Accounting Oversight Board (PCAOB) in Hong Kong have completed their first on-site audits of Chinese stocks ahead of schedule and may submit…
FAST NEWS: Yum China Shifts Hong Kong Listing to Primary Status
The latest: Yum China Holdings, Inc. (YUMC.US; 9987.HK), operator of U.S. fast food giant Yum Brands Inc.’s (YUM.US) KFC and Pizza Hut chains in China, on Wednesday announced it will convert its secondary…
CHINA BULLETIN: Who’s Lost That Sinking Feeling? Not China Stocks
The benchmark Hang Seng Index fell 4.4% for the week, reaching lows not seen since 2011. The Hang Seng China Enterprises Index fell by an even larger 4.8%, while the iShares MSCI China ETF shed 5.7%. Not good news for anyone with a big China nest egg.
