The U.S. Securities and Exchange Commission (SEC) charged the Chinese arms of the five big accounting firms with violations on Monday for failing to turn over audit reports on U.S.-listed Chinese companies, according to Reuters:...
Last week’s key data release signaled continued weakness for China’s manufacturing sector, with HSBC’s preliminary purchasing managers index (PMI) shrinking for an eighth straight month in June. Reuters reports...
A preliminary measure of manufacturing activity painted a stabilizing picture of the Chinese factory sector this week, though concerns persist over potential export weakness as a trip by Wen Jiabao brought Europe back to the...
Despite suggestions last week that the yuan exchange rate had reached equilibrium and hints of possible liberalization in its trading range, officials at the People’s Bank of China set the yuan’s U.S. dollar...
Reuters profiles China’s “Underground Grand Canyon,” a cave and tourist attraction in a remote part of Shandong Province which exemplifies the controversial measures Chinese companies sometimes take to...
Moderate pessimism continues as the main theme of economic news from China, as it faces turmoil in the EU – if considered a single economy, China’s largest trading partner – and rising concerns about the stability of the...
In October, short-seller Muddy Waters Research accused Sino-Forest of exaggerating its land holdings and profits. As a result, the timber company, which is listed on the Toronto Stock Exchange, faced investigation by the Ontario...
When Canada’s securities watchdog suspended trading in the shares of Toronto-listed Chinese company Sino-Forest in August amid allegations that it exaggerated its land holdings and profits, it sparked a rout...
A lengthy article in the Globe and Mail looks at the complex history of Sino-Forest, a joint venture between a Hong Kong entrepreneur and a Chinese government bureau, which is now being brought down by a major accounting...
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