China’s finance ministry has suspended operations at the Beijing arm of accounting firm Deloitte for three months after finding “deficiencies” in its auditing work for China Huarong Asset Management.
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China Suspends Deloitte’s Beijing Unit and Fines It
China’s Finance Ministry has suspended the operations of Deloitte’s Beijing office for three months, citing “serious audit deficiencies” in the firm’s work with a big state-owned asset manager. The …
China makes surprise rate cut to boost banking liquidity and the economy
China’s central bank has made a surprise cut to the amount of money that banks must keep in reserve, in an effort to keep money flowing through the financial system and prop up the economy.…
China fines Deloitte, suspends Beijing operations for 3 months for auditing negligence
Deloitte is fined 211.9 million yuan ($30.8 million), the Ministry of Finance said in the statement …
China Suspends Deloitte’s Beijing Office Over Huarong Auditing
China suspended the operations of Deloitte & Touche LLP’s Beijing office for three months and fined the … a review and a hearing the Ministry of Finance found that Deloitte had “serious audit …
China’s PBOC to Cut Banks’ Reserve-Requirement Ratio by 0.25 Percentage Point
China’s central bank said Friday that it will lower the amount of deposits banks have to set aside, underscoring Beijing’s efforts to kick-start economic growth this year. The People’s Bank of China …
China revives ruling party control of financial oversight
The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday. The changes come as Chinese President Xi Jinping sees unity under the party …
Chinese investors hesitant to finance new projects in Pakistan amid its dire economic situation
The China-Pakistan Economic Corridor CPEC is facing serious difficulties with numerous projects experiencing delays or being halted entirely and Chinese inve …
China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says
Such a plan would ensure China and Wall Street are paid off first … bills on time and not to pick and choose which bills to pay,” Yellen said during a Senate Finance Committee hearing…
China’s Financial Regulation Overhaul Seeks To Boost Confidence
Better risk management and stronger economic development were among the benefits headlined as state media touted government moves to overhaul China’s financial regulatory … associate dean and …
China Watches U.S. Banking Crisis
The banking crisis in the United States is being watched closely in China, where Silicon Valley Bank remains plugged into a vibrant but cautious innovation economy. The Chinese internet exploded with …
China’s Communist Party Overhaul Deepens Control Over Finance, Technology
China’s Communist Party unveiled a broad overhaul strengthening its role in managing finance, social affairs and technological development, as part of leader Xi Jinping’s efforts to entrench his brand …
China to create powerful financial watchdog run by Communist Party
China will set up a financial watchdog run by the Communist Party, state media reported on Thursday, as part of a broad reorganisation of governing bodies set to give the ruling party direct control …
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