In the news: CSRC crackdown, VIE structure and Chengdu's rise
June 07, 2013 | BY
clpstaff &clp articlesThe CSRC has punished two brokerage firms for fraud and the question of whether the VIE structure is valid has reappeared. Chengdu is now home to 31 more Fortune 500 companies, securing its place as China's new foreign investment destination
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CSRC penalises brokerages for fraud
The country's top regulator the China Securities and Regulatory Commission (CSRC) has penalised Minsheng Securities and Nanjing Securities for failed due diligence during initial public offerings (IPOs). Minsheng was fined