News Formal

China to change confidentiality rules involving companies' offshore listings

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

SHANGHAI : China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes.The draft rule, announced by the China Securities Regulatory Commissio

SHANGHAI : China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect state secretes.

The draft rule, announced by the China Securities Regulatory Commission, is Beijing's latest attempt to resolve a long-running audit dispute with Washington that could lead to roughly 270 Chinese companies being forced to delist from U.S. exchanges in 2024. China's updated rules will scrap requirements that on-site inspection of overseas-listed Chinese companies be conducted mainly by Chinese regulators.

That could open the door to inspections by U.S. regulators, who demand complete access to such firms' audit working papers, which are stored in China. The draft makes clear that Chinese companies are responsible for information security in overseas listings.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 6. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

China to crack down on tax evasion in livestreaming industryBEIJING - China's tax regulator said on Wednesday (March 30) that it will crack down on tax evasion in its booming livestreaming industry, and will start requiring online platforms to report livestreamers' identities, income and profits every six months. The State Taxation Administration said on its website that livestreamers and platforms should compete fairly and fulfil their legal obligations to...
Fonte: asiaonecom - 🏆 10. / 59 Leggi di più »