The U.S. Securities and Exchange Commission has charged the now-defunct China-based advertising company, China MediaExpress, with fraud and misleading investors. The company and its CEO, Zheng Cheng, are accused of massively overstating values of cash balances to the SEC by up to 40,000 percent.… Continue Reading
Within Zhejiang, one of China’s most prosperous provinces, some towns report that spiking cancer rates linked to water pollution have destroyed locals’ way of life.
Experts claim environmental pollution has produced as many as 500 so-called “cancer villages” across mainland China.… Continue Reading
As China reels under a cascade of stunning property-related corruption scandals, several local governments are placing restrictions on the availability of housing ownership information.
Authorities in Zhangzhou (Fujian Province) and Yancheng (Jiangsu Province) have banned residents from running property information searches by homeowner name.… Continue Reading
In the coming weeks, China Compliance Digest will cover the most significant anti-corruption compliance risk factors facing multinationals operating in China. Subscribers will receive the latest reports via email as soon as they become available.… Continue Reading
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The China Bundle from the FCPA Blog and ethiXbase includes a year’s subscription to the weekly e-newsletter China Compliance Digest, the recently released China Anti-Corruption Handbook, and an individual FCPA Blog membership for one year.… Continue Reading
People’s Bank of China and China’s Ministry of Commerce have issued regulations effective October 31 that place restrictions on the anonymity of pre-paid gift card purchasers and users.
Pre-paid gift cards are becoming more and more popular as an untraceable way to bribe public officials.… Continue Reading