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US watchdog fines Avon US$135 mln for China bribes

The Securities and Exchange Commission of the United States slapped a fine of US$135 million on cosmetics direct-selling giant Avon Products to settle a corruption probe in China. The global beauty su ...More

EJ Insight2014-12-18

Issue of access to Chinese audit work papers may be easing

Two years ago, Hong Kong’s market regulator, the Securities and Futures Commission, took accounting firm Ernst & Young to court to force it to reveal information on a Chinese utility company that ...More

EJ Insight2014-07-29

Alibaba may wait until Sept for IPO launch: report

... th the US Securities and Exchange Commission over approval of its prospectus, the report said. Alibaba's recent acquisition spree and its unique governance model may be slowing the approval process, a ...More

EJ Insight2014-07-18

Taking systemic risk seriously

...  Treasury Secretary Jack Lew made such an argument in a recent congressional testimony, in the context of explaining why the Financial Stability Oversight Council (FSOC) should be allowed to consider ...More

EJ Insight2014-06-30

Problems linger even as Chinese IPOs return to US

The end of China’s 14-month-long freeze in initial public offerings in January, following reforms initiated by the China Securities Regulatory Commission, has been accompanied by a flurry of listings ...More

EJ Insight2014-04-22

SEC claims Chinese hog producer inflated revenue, WSJ says

The United States Securities and Exchange Commission has sued a Chinese animal-feed and hog-production company and several of its former top officials, alleging that they orchestrated or failed to sto ...More

EJ Insight2014-03-12

Accounting firms to appeal SEC ruling on China ops, Xinhua says

The Big Four global accounting firms said on Thursday they plan to appeal against a ruling by the US Securities and Exchange Commission (SEC) recommending the suspension of the firms' China units for ...More

EJ Insight2014-01-23

US judge backs SEC suspension for Chinese audit firms, WSJ says

The Chinese units of the top four global accounting firms -- PricewaterhouseCoopers, Deloitte Touche Tohmatsu, KPMG and Ernst & Young -- should be suspended from auditing US-traded companies for s ...More

EJ Insight2014-01-23

HKEJ Today: Highlights

... Former US securities watchdog head calls for minority shareholder protection in HK Interview: Hong Kong should set up its own regime to protect the interests of minority shareholders before it conside ...More

EJ Insight2013-11-22

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