PCAOB Begins Audit Reviews

China Last Night KraneShares Key News Asian equity markets closed lower to start the week in anticipation of the US Federal Reserve hiking interest rates another 75 basis points. However, India managed a small gain while Japan was closed for the “Respect For The Aged Day” holiday. I apologize in advance for sounding like a…

China Billionaire Guo Guangchang’s Flagship Fosun Int’l Plunges To Nine-Year Low As Tourism Stake Cut

China billionaire Guo Guangchang’s Fosun International controls money-losing Fosun Tourism, the … [+] owner of Club Med and other luxury tourism brands. (Photo by Chesnot/Getty Images) Getty Images Shares in Fosun International, the flagship of Shanghai billionaire Guo Guangchang, tumbled by 5.9% to a more than nine-year low in Hong Kong on Tuesday as the…

HFCAA First Step Audit Agreement Reached

China Last Night KraneShares This morning, the SEC, PCAOB, and CSRC, in conjunction with the Ministry of Finance, released statements announcing the signing of a Statement of Protocol allowing the PCAOB to conduct full audit reviews of US-listed Chinese companies. The deal is the first step as the audit reviews still need to take place.…