Chinese regulators have accused Evergrande and its founder of inflating revenues by USD 78 billion, putting the insolvent property developer at the heart of the country's biggest-ever financial fraud case, CNN reported.
Chinese stocks have only 4 transactions left before the Lunar New Year closure. On the same day, the China Securities Regulatory Commission issued a statement today to "stabilize expectations and confidence."
The China Securities Regulatory Commission has limited short-selling aiming to stem a protracted USD 6 trillion-dollar stock market rout that began in 2021, however, the experts doubt that it will be able to bring any respite to the meltdown, CNN reported.
Washington [US], August 27 (ANI): In a move to increase the transparency of Chinese companies, Washington and Beijing on Friday signed an agreement to "inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong."
Beijing [China], December 25 (ANI): China's regulatory body has unveiled a draft of new rules for domestic firms to raise funds overseas, allowing them to do so after registering with the regulator.
Hong Kong [China], Oct.20 (ANI): Chinese President Xi Jinping has been known to be severe on any act of corruption ever since he assumed office in 2012, and in the course of this campaign to end it, managed to nip an attempted coup on his rule in the bud, a senior official of the government