US regulators say they are actively seeking to reach a cooperation agreement with China to end years of cross-border audit and supervision dilemma
According to Bloomberg, the US public company accounting oversight board (PCAOB) said that it is maintaining active communication with Chinese regulators and has held talks for many times recently. The two sides are committed to reaching a cooperation agreement so that it can inspect mainland China registered in the United States and some Hong Kong audit firms engaged in Mainland business. PCAOB expressed its willingness to maintain cooperative relations with Chinese government departments and carry out inspection and investigation of relevant accounting firms in a similar way with dozens of other countries or regions.
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Real Estate
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BEKE is struggling in Q1 2022, negatively affected by the continuing downtrend of the Chinese property market and restrictive policies. However, we noticed China is actively boosting the recovery of China's real estate market, within acceptable risks. Meanwhile, BEKE's 'one body with two wings' strategy has born early fruit.
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