In the News: China Plans to Stop Using Big Four; Regulators Increase Control Over International Data Transfers; and Private Equity Funds Used to Boost Real Estate Sector

Mar 1, 2023
| By Brian Chan
Chinese state-owned enterprises urged to stop using Big Four due to data security concerns; small Chinese businesses to be subject to international data transfer requirements; and China encourages foreign investment in the real estate sector through private equity funds.

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Phone icons of Big Four accounting firms. Credit: Koshiro/Adobe Stock

China Urges State-owned Enterprises to Stop Using Big Four Accounting Firms

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