UK's FRC weighs letting Chinese auditors use home standards for London listings
The UK aims to boost listings by allowing Chinese companies to use their auditing standards for global depositary receipts, addressing barriers to attract issuers, the Financial Reporting Council said.
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9 Articles
Watchdog To Relax Accounting Rules For Chinese Listings
The accounting regulator proposed Monday to allow Chinese companies raising money on the London Stock Exchange through global depositary receipts to use Chinese accounting standards, in a temporary relaxation of rules in line with government policy.
Regulator mulls audit changes to attract Chinese listings
The audit regulator is considering a temporary change in its accounting rules which would make it easier for Chinese firms to list in London. The proposal is the latest regulatory reform designed to make the UK a more attractive place for international companies to list. In a statement, the Financial Reporting Council (FRC) said it would consult on whether Chinese-registered firms should temporarily be allowed to follow Chinese accounting rule…
FRC Proposes Temporary Audit Standards for Chinese GDRs
The Financial Reporting Council (FRC) is considering a temporary amendment allowing auditors of China-registered companies issuing Global Depositary Receipts (GDRs) in London to use Chinese Auditing Standards. This change aims to maintain investment flow and support growth in the UK financial market.
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