Page 2 - Chinese Firms

Even foreign nationals have right to personal liberty: Huawei chief to HC

Court permits Xiongwei Li to travel abroad after providing a FDR of Rs 5 crore

Chinese firms' New York listings face greater scrutiny in new Senate bill

Rick Scott, a Republican, and Chris Van Hollen, a Democrat, said they'd introduced legislation to crack down on so-called variable interest entities that Chinese businesses commonly use for listings

US regulators to vet Alibaba, JD.com, other Chinese firms' audits: Report

The respective accounting firms of Alibaba, JD.com and Yum China - PwC, Deloitte and KPMG - have also been notified of the inspection

US, China reach agreement in dispute over Chinese company audits

The US and China have reached a tentative agreement to allow US regulators to inspect the audits of Chinese companies whose stocks are traded on US exchanges. In a long-festering dispute, US regulators have threatened to boot a number of Chinese companies off the New York Stock Exchange and the Nasdaq if China didn't permit inspections. The deal announced Friday by market regulators in the US and China is preliminary, and Securities and Exchange Commission Chairman Gary Gensler said, The proof will be in the pudding. While important, this framework is merely a step in the process, Gensler said in a prepared statement. This agreement will be meaningful only if (US regulators) actually can inspect and investigate completely audit firms in China. If (they) cannot, roughly 200 China-based issuers will face prohibitions on trading of their securities in the US if they continue to use those audit firms. An agreement would mean that US investors will maintain access to shares of important

MeitY pushes Chinese firms to participate in smartphone exports from India

Asks them to strengthen supply chain, increase value additions

ICAI probing chartered accountants for role in helping Chinese loan apps

Indian CAs are accused of not conducting due diligence before signing several statutory documents for several Chinese loan apps

Notices issued to 3 Chinese mobile companies for tax evasion: FM Sitharaman

The government is looking into cases of alleged tax evasion by three mobile companies of China and notices have been given to them, FM Nirmala Sitharaman informed Rajya Sabha

Gujarat's ceramic tiles hub to take month-long break after production glut

'Leave' in August could be annual feature and will follow Chinese industry taking a break every February

Chinese firm builds electric battery that enables 1,000-km on single charge

China's automotive lithium-ion battery maker, Contemporary Amperex Technology Co Ltd, revealed a new battery that provides electric vehicles with a driving range of over 1,000 km on a single charge

China plans support for industrial firms hit by high raw materials cost

China's Ministry of Industry and Information Technology is studying measures to enhance the structure of supply-side policies, boost consumer demand and incentivise investments in technology

Taiwan raids Chinese firms in latest crackdown on chip engineer-poaching

Taiwan has ramped up a campaign to counter illegal poaching by Chinese companies in what the island sees as a threat to its chip expertise

US lists more Chinese firms to delist them from American exchanges

In a fresh crack down on Chinese companies, the US Securities and Exchange Commission (SEC) has added over 80 firms to its list that is likely to delist them from American exchanges, including China's JD.com, China Petroleum & Chemical Corp, JinkoSolar, Pinduoduo, Bilibili, electric maker NIO Inc and NetEase.

Tencent Holdings's revenue grows at slowest pace in 2 decades

Tencent Holdings's revenue grew at the slowest pace since its 2004 listing, showing the financial toll of China's crackdown on its most lucrative businesses from gaming to advertising.

Huawei has long-term strategy for India which will not change: APAC VP

Huawei Asia Pacific Vice President Jay Chen, in a virtual roundtable from Barcelona, said the company will cover India under all of its initiatives

Rahul hits out at Centre, alleges Statue of Equality built by Chinese firm

Earlier this month, the Statue of Equality was inaugurated by Prime Minister Narendra Modi commemorating the 11th-century Bhakti Saint Sri Ramanujacharya

CAIT moves CCI against 'Chinese' firm Shopee for hurting Indian SMEs

CAIT Chairman Praveen Khandelwal said that Shopee is offering hefty discounts on various products by selling them at an extremely low price

Amid I-T raids on Chinese mobile firms, Xiaomi, OPPO say cooperating

According to sources, the smartphone companies were allegedly violating rules and norms to evade taxes and were on the radar of several probe agencies, including the I-T department

Chinese conglomerate HNA cedes control of core airline operations

The handover is the latest step in the long dissolution of one of China's biggest conglomerates

Chinese developer Sunshine 100 defaults on $170 million of bonds

The firm has struggled to meet debt obligations this year as authorities cracked down on excessive leverage in the property industry

'China firms actively working with regulators for US listing'

Forcing US-listed Chinese firms to delist isn't responsible policy option: Securities watchdog