Tag: China regulation

When might the Chinese authorities lift the ban on domestic IPOs imposed last year to accelerate reforms and stabilise a weak stock market?

With the wonderful benefit of hindsight, it wasn’t surprising that predictions that the October suspension might be lifted in March proved wrong. After all, Beijing was in the throes of its leadership change.

But now that the new team is in place, there are signs that officials are preparing the ground for a resumption – albeit with tougher regulatory standards for issuers and sponsors alike. Continue reading »

Chinese people are used to hearing about the extraordinary benefits enjoyed by employees of big state-owned enterprises. But the size and scope of such benefits still delivered a shock when the National Audit Office released its annual reports on 10 SOEs and further exposed the extent of the problem.

Among the 10 were China Mobile, China Huaneng Group, China Publishing Group and other SOEs and, notably, their subsidiaries. They were found to have violated financial regulations by offering staff a variety of “invisible benefits”, according to audit reports for 2012 on the NAO’s website. Continue reading »

In the pantheon of financial news, China’s decision to open its interbank bond market to foreign investors may seem a small item. But the announcement, made on Wednesday, is a big one for two reasons.

First, it gives foreign institutions access to a major asset class. Second, its timing signifies that China’s financial reform train is still very much in motion just a few days after the dust finally settled on the country’s leadership reshuffle. Continue reading »

For the tens of millions of Chinese who will journey back home next month for the Chinese New Year, fighting over the limited supply of train tickets is nothing new. But this year, the fight has moved online, and somewhat controversially. Continue reading »

By Ben Simpfendorfer of Silk Road Associates

The fate of China and the world’s multinationals are bound tightly together, both having benefited from the spectacular growth in global trade and investment over the past two decades.

So it’s no surprise then that the global crisis has challenged that once cozy relationship: China is rethinking its open-door policy to foreign firms, while the world’s multinationals are equally discovering opportunities in India, Brazil, and other fast growing emerging markets. Continue reading »

China Development Bank, the state-owned lender known for funding infrastructure projects like the Three Gorges Dam, is providing more than $1bn to help small Chinese companies leave the US stock market, according to Bloomberg.

Beyondbrics can’t help but wonder whether CDB’s foray into the US has something to do with the political battle between Washington and Beijing over cross-border regulation of accounting firms. Continue reading »

Others may worry that the Chinese economy is on rocky foundations, but not Deloitte Touche Tohmatsu, which has decided to invest another $160m in the mainland over the next three years – notwithstanding concern about economic growth, or Beijing’s plans to localise the foreign auditing firms. Continue reading »

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