An ongoing battle between the American Securities and Exchange Commission and China over whether Chinese accounting firms can release accounting information required by US law or whether these constitute "state secrets" is pushing China and the United States into conflict in global capital markets, threatening to force the US agency responsible for overseeing capital markets to effectively de-list all Chinese companies.

Joining Jeremy Goldkorn to look at this issue, sparked by an SEC investigation into potential investor fraud which wiped out sixty one percent of Chinese and Hong Kong stocks traded in the U.S. markets since 2011, is Paul Gillis, an adviser to the U.S. Public Company Accounting Oversight Board and professor at Peking University Guanghua School of Management. We are also delighted to have Patrick Chovanec from Tsinghua University come back to contribute to this discussion as well.

As always, this show is available as a standalone mp3 file if you'd like to download it instead of listening through our on-site flash player. For those of you looking to subscribe to Sinica through RSS using the new iTunes, the preferred method is now going to the iTunes store, clicking on podcasts, and then doing a search for Sinica. Once the proper page loads you are a click away from having everything automated.
 said on
December 22, 2012

Paul's blog

Patrick's blog

Sarbanes-Oxley Act: An Act To protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws, and for other purposes

Public Company Accounting Oversight Board aka PCAOB aka 'peek-a-boo'


Paul: 40kg Turkey Man from Fangshan: will deliver in beijing, 40 rmb/kg 135-0129-9939

Patrick: Midnight in Peking by Paul French

China's Superbank: Debt, Oil and Influence - How China Development Bank is Rewriting the Rules of Finance by Henry Sanderson and Michael Forsythe

Jeremy: Australia and China at Forty: Stretch of the Imagination - lecture by Stephen FitzGerald
 said on
December 23, 2012
Awesome alacrity with the links this week Sinica :)
 said on
December 23, 2012
Very interesting podcast on a topic that rarely receives much attention. Jeremy and his guests succeeded in the daunting task of making public accounting interesting.
 said on
December 27, 2012
Great work, very interesting podcast. Any way to contact the producers and or hosts of the show (Jeremy? Kaiser?)? I have a small idea about expanding the usability of the content for future episodes.

thanks for the good work,

 said on
December 27, 2012
Hi Matt,

Jeremy's contact info is at danwei, and emails to go straight to Kaiser. Suggestions in comments are also welcome.


 said on
December 28, 2012
Thanks for another great podcast, guys. I would love it if sinica covered the recent reforms at the foxconn factory as a topic of focus for an upcoming podcast. They made the cover of the New York Times this morning (and more importantly i'd like to give my sister the real scoop on her recently acquired iPhone 5!)

Improving conditions at Foxconn:


Benny O
 said on
November 15, 2013
Another great podcast. But listening to this one nearly a year afterwards is it known whether the issue has been resolved? It would be nice to hear a podcast only about the major business/trade issues between the US and China.
Mark Lesson Studied