The SEC Caves on China

U.S. stock-market regulators say they promote transparency and fair play, but this month the Securities and Exchange Commission quietly carved out a China-size exception: When Chinese companies list on U.S. markets, basic auditing rules won’t apply. Why? Because China’s government doesn’t want them to, and Washington bent to Beijing’s pressure. […]



Wall Street Journal via CHINA US Focus http://ift.tt/1AxwkNM