China’s Courts Give NEW Guidelines on Capital Markets Some Teeth

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In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Gerd Altmann, Business (Publicdomainpictures.net)

美国众议院监督和问责委员会正在调查美国上市公司会计监督委员会是否“被赋予权力以确保其对[中国]公司的审计师进行有意义的监督”。委员会应欢迎中国国务院最近发布的一份文件，该文件旨在通过加强信息披露等措施来改善中国资本市场。有趣的是，中国最高人民法院已经采取了措施，而如果全国法院都一致遵循这些措施，就可以壮大该文件的力量。Read more

China’s Courts Give NEW Guidelines on Capital Markets Some Teeth

On:
In: SINOTALKS® In Brief | 丝络谈™简讯

Image: Gerd Altmann, Business (Publicdomainpictures.net)

The U.S. House Committee on Oversight and Accountability is investigating whether the Public Company Accounting Oversight Board (“PCAOB”) is “empowered to ensure meaningful oversight of auditors of [China]-based firms”. The Committee should welcome a document recently released by China’s State Council that aims at improving the country’s capital markets by strengthening information disclosure, among other measures. Interestingly, the Supreme People’s Court of China has taken steps that, if followed consistently by all courts in the country, can empower this document.Read more

China Helps Inspect Audit Records of U.S.-Listed Chinese Companies

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In: Finance | 金融, SinoExpress™ | 丝络速递™

Image: Minerva Studio/Shutterstock.com

Will the current China-assisted inspection allow the U.S. Public Company Accounting Oversight Board (the “PCAOB”) to make a determination by the end of 2022 that is favorable to the U.S.-listed Chinese companies? If yes, will this help de-escalate the tension between China and the United States, to the extent that the two countries will be able to collaborate more to jointly tackle complex global issues?

目前得到中国协助的检查是否能让美国上市公司会计监督委员会（PCAOB）在2022年底前做出有利于在美上市的中国公司的决定？ 如果是，这是否有助于缓和中美之间的紧张关系，使两国能够加强合作，共同应对复杂的全球性问题？Read more