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15 Nov 2011
AUDIT TROUBLES have led one Chinese official to urge US-listed overseas companies to "delist there and come back home", saying Chinese and Hong Kong stock exchanges would welcome them.
Zhou Qinye, vice-general manager of the Shanghai Stock Exchange, said accounting problems only affect a minority of Chinese companies yet investors are shorting them for profit, Reuters reports.
Further reading
US watchdog the PCAOB has again highlighted concerns about China blocking inspection of US-listed companies and little progress has so far been made since the regulator visited Beijing this summer.
"The current situation is the result of some institutions seeking to politicise the matter and it's difficult to predict where things are heading," said Zhou Qinye.
"For the Shanghai and Shenzhen stock exchanges, this could be an opportunity, as we know that many overseas-listed Chinese companies are not bad. So we welcome those China stocks to return home," he added.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment
typo
I think you mean Hong Kong, not Hong Long, though it's pretty amusing either way.
Posted by: k, 16 Nov 2011 | 00:48