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The Securities and Exchange Commission (SEC) – XtremeCuztoms

Category: The Securities and Exchange Commission (SEC)

US SEC Warns Against Switching Auditors to Avoid Chinese Company Trading Bans

WASHINGTON/HONG KONG—U.S. accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential trading bans risk breaching U.S. rules, the U.S. Securities and Exchange Commission (SEC) warned on Tuesday. Worried they may be kicked off U.S. exchanges if China does not allow the SEC’s accounting watchdog to…


Foreign Investment Into China Fell by More Than 60 Percent in Q1

News Analysis After the U.S. Securities and Exchange Commission (SEC) tightened its supervision of China concept stocks and U.S.-China relations worsened further following the outbreak of the Russian-Ukrainian war, foreign investment into China has plummeted by more than 60 percent in the first quarter of 2022 compared to the same period last year. According to…