Central Gov't Pushes Big Banks to Hire Local Auditors
(Beijing) – Beijing is considering tougher measures to compel state-owned banks to hire local auditors, part of its long-term push to strengthen domestic auditing services.
Officials from the Ministry of Finance called executives at Industrial and Commercial Bank of China and the Agricultural Bank of China to ask them to include domestic firms as candidates for their next auditor, several sources with knowledge of the matter said.
- Central Bank Cuts Benchmark Lending Rate
- A Passage to India
- Hike in Train Ticket Prices This Year 'Unlikely After All'
- Graphics: Sino-Australian Trade Deal
- Another Hebei Official Is Targeted by Corruption Investigators
- Closer Look: Gov't Wants Proactive Tax Policies, but Ends Up with a Problem
- China-U.S. Investment Treaty Would Strengthen Economic Relations
- Top Prosecutor's Office Plans New Body to Better Fight Corruption
- Exercise Caution
- Book: Living Karma: The Religious Practices of Ouyi Zhixu
- Sign up to receive our free daily newsletter
- The Low Official Found with Towering Pile of Cash, Gold and Properties
- At Factory Waste Ponds, Fumes Choke Fantasies
- Some Shanghai FTZ Reform Ideas Introduced to Rest of Country
- Closer Look: Why Shanghai-Hong Kong Stock Connect Was One-Way Road
- Graft Busters Find another Cash Pile, but Family Denies Corruption
- Gov't Gives Academics Failing Grade for Fraud in Research Funding
- Justin Lin Ignores Population Factor with Growth Predictions
- Canceled Mexican Rail Contract Gives Chinese Firms Chance to Reflect
- Sixth NEA Official This Year Is Investigated for Corruption
- Civilized Liberties: What Matters in Preparing Gifts?