Category: U.S. Securities and Exchange Commission (SEC)

Big Four Accounting Firms Out of Favor in China: Deloitte’s Beijing Office Penalized

April 8, 2023
big fourChinaChina Business & EconomyChinese RegimedeloitteHuarongPCAOBRYB EducationThreat from Communist ChinaU.S. Securities and Exchange Commission (SEC)US-China relations
0 Comment

News Analysis Deloitte, the accounting firm that was fined $20 million by the U.S. Securities and Exchange Commission (SEC) for shielding Chinese companies from U.S. oversight, has been hit with a fine of more than $30 million by the Chinese Communist Party (CCP). How did Deloitte find itself in this awkward position between the two…

Read More

The US Gets Tough on China’s IPOs and They Shift to Europe

September 28, 2022
auditBusiness & MarketsBusiness ColumnistsChinaIPOsOpinionThinking About ChinaU.S. Securities and Exchange Commission (SEC)Wall Street
0 Comment

Commentary The United States is getting tough on China’s initial public offerings (IPOs) on Wall Street, so those IPOs are going to Europe. That’s finance for you. Go to where the suckers are. After about $100 billion in international investment in U.S.-listed Chinese companies over two decades, the U.S. Securities and Exchange Commission (SEC) is…

Read More