Chinese IPOs and auditing

This FT piece (paywall) is actually about how the big 4 are between a rock and a hard place (US and China) when it comes to auditing Chinese companies because China does not allow financials to be submitted to PCAOB, which the US requires. The US finally seems to push back: My sympathy with the […]

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Monetary Policy Under Financial Repression

Monetary Policy Under Financial Repression is a great blog post by Michael Pettis, in which he explains the nature of financial repression (although I believe there are different interpretations/definitions) and puts it into historical context. Financial repression is one of the tools that generated enormous GDP growth in China in the past decades, similarly though […]

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