China has eased restrictions on Chinese non-financial corporations (corporates) looking to raise funds overseas, but market conditions mean they are unlikely to embrace the opportunity.
China’s new rules on foreign CPAs auditing overseas listed Chinese companies will change the shape of auditing in China, but ultimately brings it in line with international standards.
Fearful of crunches in liquidity, China’s securities watchdog wishes to overhaul money market fund regulations. They are broadly in line with international standards.
European banks are potentially being priced out of the notional pooling market due to International Financial Reporting Standards (IFRS) and Basel-III implementation.