Category: China Securities Regulatory Commission

US Accounting Regulators Demand Complete Access to China-Based Audits

September 23, 2022
Business & MarketsChinaChina Business & EconomyChina Securities Regulatory Commissioneconomic policieseconomyThe Holding Foreign Companies Accountable ActUSUS NewsUS-China relations
0 Comment

The U.S. accounting audit regulator delivered a warning regarding the integrity and complete access to work papers of accounting firms of New York-listed Chinese companies. Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams made the remarks on Sept. 22 at the Council of Institutional Investors (CII) Fall Conference. She emphasized, “Voluntarily delisting is not…

Read More

Chinese Regulator Fails to Investigate Company Delisted for False Financial Reports

March 22, 2021
ChinaChina Business & EconomyChina Securities Regulatory CommissionChinese Regimedelistingfinancial fraudKangde Xin Composite Material Group
0 Comment

Insiders revealed to The Epoch Times that the China Securities Regulatory Commission favored interest groups, leaving small and medium retail investors to bear losses in the case of a delisted company accused of falsifying $2.3 billion in financial data. Jiangsu Province-based Kangde Xin Composite Material (Kangde Xin) is a technology company focused on pre-filming materials,…

Read More