Alibaba´s shares fell when it disclosed the US stock regulator has asked some questions about its accounting practices, especially the relations with its logistical partner Cainiao Network. But, says accounting professor Paul Gillis to Bloomberg, there is no reason to expect real problems.Read More →
Investors have a hard time in figuring out what is happening in China. There are a few basics, says economist Arthur Kroeber, where they often get it wrong, he tells Benefits Canada, and he tries to address them.Read More →
The tug of war between China and the US on auditing Chinese companies listed in the US, got a strong pull from the US side, as the Public Company Accounting Oversight Board proposed new standards. Potentially a huge improvement writes accounting professor Paul Gillis at his weblog.Read More →
The surprise dismissal of China´s financial regulator Xiao Gang does not mean that its policies and approach are really going to change, says political analyst Victor Shih in the New York Times. His successor Liu Shiyu is certainly no bold reformer, says professor Shih.Read More →
The sale of the 134-year old Chicago Stock Exchange to a consortium of Chinese companies led by Chongqing Casin Enterprise Group might just a way to capital for companies who cannot meet the standards of the NYSE and Nasdaq, warns accounting professor Paul Gillis on his weblog.Read More →
The Public Company Accounting Oversight Board (PCAOB) has censured PKF Hong Kong and revoked its registration, banning it from auditing US firms, writes accounting professor Paul Gillis on his website. This is a next step in efforts to get Chinese accounting firms into line with US regulations, and forcing to give insight in the books of US-listed Chinese firms.Read More →
2016 is going to be a rough year for China´s stock markets, explains WSJ wealth editor Wei Gu to CCTV America. Chinese can not withdraw up to US$50,000 from their account, flooting out of the stock markets yesterday. The government is halting its support and new supply of listed companies will increase demand on the marketsRead More →
China´s stocks caused a rough opening of 2016 as they dropped dramatically. Economist Arthur Kroeber expects the volatility to continue for a few months, as the government is slowly withdrawing its support, moving awaya from artificially higher values, he tells Globe&Mail.Read More →
While the central government is eager to get foreign investors into its bond markets, they should care very careful in doing to, says Victor Shih, assistant professor political science, UC San Diego and leading author on the relation between political and financial factions in China, in Bloomberg.Read More →
Chinese companies listed at US stock exchanges are talking about coming home, to the Chinese stock markets. WSJ wealth editor Wei Gu is analyzing the trend and explains who is likely to gain from such a move.Read More →
Checking the accounts of US-listed Chinese firms has been off limits for the US watchdog PCAOB. Despite lengthy negotiations to allow the PCAOB to check Chinese firm, last week the door closed, reports accounting professor Paul Gillis on his weblog. And relations between China and the US are at a new low.Read More →
Reversed merges caused many fraud problems in the US and China has a similar National Equities Exchange and Quotations (NEEQ), also known as the “new third board”, writes accounting professor Paul Gillis on his weblog. Just like the poorly supervised US equivalent, it seems a road to fraud. Read More →