Tag Archives: PCAOB

SEC adds Baidu, Futu and three US-listed companies under audit law

The Securities and Exchange Commission (SEC) has added five New York-listed stocks to its latest list of companies liable under a US auditing oversight law, including four Chinese internet companies. Futu Holdings Limited, iQiyi and Baidu are among the latest names identified under the Holding Foreign Companies Accountable Act (HFCAA), …

Read More »

China’s cybersecurity rule is response to US audit inspection, analyst says

Beijing’s mandated cybersecurity review for overseas listings aims to address a perceived danger stemming from US access to “sensitive” data from public Chinese tech firms, according to a Chinese expert whose opinions were endorsed and published by the Cyberspace Administration of China (CAC).The published view of Hu Ying, who heads …

Read More »