China’s move to accept international accounting standards represents a significant step forward, but doubts over compliance and enforcement lurk in the background.
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Category: Law & Regulation
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Brokers face clampdown
Five brokerages are to have their trading rights restricted as punishment for misusing client funds intended for government bond purchases, the China Securities and Regulatory Commission has announced. In a move described by officials as 'killing the chicken to scare the monkey', the brokerages will only be allowed to make trades for existing clients. Proprietary […]
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SFC wants mainland cooperation
Hong Kong's Securities and Futures Commission (SFC) has called for greater cooperation from its mainland counterpart, the China Securities Regulatory Commission (CSRC), as it aims to set higher corporate governance standards for mainland firms. Outlining the SFC's three-year plan, Chairman Martin Wheatley said that cross-border enforcement was the top priority, the South China Morning Post […]
An AIDS activist missing for weeks has been freed by Chinese police, but a New York Times researcher is still in detention, Reuters reported. AIDS campaigner Hu Jia has returned to his home in Beijing after spending six weeks in custody, during which time the authorities refused to confirm or deny whether he was being […]
The government is weighing up adopting a market-based system of fees and tradable permits to curb polluting industries, the Wall Street Journal reported. Zhu Zhigang, a deputy finance minister, said Beijing would increase monitoring and enforcement of environmental standards but suggested that policies that favor firms that cut emissions would be a better option. �China […]