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Statement by Chair Gensler on PCAOB’s Determinations Regarding Public Accounting Firms in China

Harvard Corporate Governance

Today, the Public Company Accounting Oversight Board (PCAOB) announced that it was able, in 2022, to inspect and investigate completely issuer audit engagements of PCAOB-registered public accounting firms headquartered in China and Hong Kong. standards, as required under the Sarbanes-Oxley Act. Third, Chinese-based issuers that access U.S.

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Statement by Chair Gensler on Agreement Governing Inspections and Investigations of Audit Firms Based in China and Hong Kong

Harvard Corporate Governance

Today, the Public Company Accounting Oversight Board (PCAOB) signed a Statement of Protocol with the China Securities Regulatory Commission (CSRC) and the Ministry of Finance of the People’s Republic of China governing inspections and investigations of audit firms based in China and Hong Kong. more…).

Finance 189
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UBS Navigates Complex Regulatory Terrain in Bid for Full Control of China Platform

Benzinga

UBS Group AG (NYSE: UBS ) is reportedly in discussions to attain full ownership of its China platform through a strategic swap involving its stake in Credit Suisse’s onshore securities venture. in exchange for selling part or all of its 51% stake in Credit Suisse Securities (China) to a Beijing government investment fund.

Banking 64
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Zong Qinghou, Beverage Tycoon in China, Dies at 79

NYT M&A

A bitter but successful battle with Danone of France for control of a joint venture made him the richest person in China for a time.

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Microsoft's Bid For Activision Blizzard Receives China's Approval, Joins 37 Regulators Worldwide

Benzinga

NASDAQ: ATVI ) received approval from China's State Administration , marking another milestone in the global regulatory process. Microsoft Corp.'s 's (NASDAQ: MSFT ) $69 billion bid to acquire Activision Blizzard Inc. Full story available on Benzinga.com

Alpha 98
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McDonald's Expands Stake In China: Acquires Carlyle's Stake In McDonald's China

Benzinga

McDonald's Corp (NYSE: MCD ) has agreed to acquire global investment firm Carlyle Group Inc's (NASDAQ: CG ) minority ownership stake in the strategic partnership that operates and manages McDonald's business in mainland China, Hong Kong and Macau. The financial details of the transaction were not.

Equity 52
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The next frontier for AI in China could add $600 billion to its economy

Mckinsey and Company

By 2030, AI could disrupt transportation and other key sectors in China, adding significant economic value—but only if strategic cooperation and capability building occur across multiple dimensions.

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