A local government’s dramatic U-turn over its loan guarantee commitments may have averted an immediate crisis, but the damage to China’s reputation in honouring contracts is harder to repair.
At a time when regulatory pressure has forced large Chinese conglomerates such as Wanda to wind back overseas acquisition, the forex regulator says Beijing is still open for business.
Only just over a third of companies are tooled up enough to run their own audit functions – and that’s already an increase of 16 percentage points on last year, a report finds.
Beijing has released broad measures aimed at improving the environment for foreign corporates, ranging from dividend repatriation, taxation and visa issues
China’s top user of wealth management products, real estate developer Xinhu Zhongbao, has wound back its WMP portfolio by almost a third – but China’s treasurers are unlikely to change portfolio direction anytime soon.
Following years of delay, India’s Ministry of Corporate Affairs hopes a rapid two-week consultation will help it push through accounting standards updates for this financial year.
Bank Negara Malaysia's stance may harm the ringgit but will have little influence on trading in Singapore or the attitude of offshore investors, experts argue.
As hackers get increasingly sophisticated, the potential for financial losses from a cyberattack grows ever larger. How ready is your organisation to fend off an attack?