Financial Review Report Welcomed
Secretary for Financial Services & the Treasury James Lau today welcomed the publication of the Process Review Panel for the Financial Reporting Council’s 10th annual report.
Mr Lau said the process review is an important institutional function designed to help enhance the council’s transparency and accountability in performing its statutory functions.
The council handled 163 cases related to possible auditing and reporting irregularities, and non-compliance with accounting requirements in relation to listed entities in Hong Kong, in 2017.
The panel reviewed seven of them and considered that the council had handled the cases in accordance with its internal procedures.
Mr Lau added the panel has made useful observations and suggestions which are conducive to the further improvement of the council’s work.
Click here for the report.
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more