US, Chinese regulators make peace over Longtop

The resolution of a dispute over a mainland Chinese group accused of fraud is a welcome step in the push for greater trust but doesn't mark an end to the spat.

US, Chinese regulators make peace over Longtop

Precedent, sop or isolated case whichever way you look at it, the resolution of a dispute between the SEC and Deloitte’s Chinese unit over its refusal to hand over documents relating to Longtop Financial Technologies, a mainland company under investigation for fraud, is a big moment.

The US regulator had issued a subpoena to force the local affiliate of the Big Four accounting firm to produce audit work papers and other documents relating to a...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES