The financial departments could, under the law, take such regulatory measures as ordering the accounting firm which violates the provisions to rectify its misconduct, summoning the firm for talks, issuing an inquiry or warning letter, and demanding its public explanation, the regulation added.
该规定补充道，根据法律规定，财政部门可以采取监管措施，如责令违反规定的会计师事务所纠正其不当行为、传唤会计师事务所进行谈话、发出调查或警告信，并要求其公开解释。
Yuwell said on Wednesday that it will cooperate with the investigation, correct its misconduct and strengthen the company's management.
Yuwell周三表示，将配合调查，纠正不当行为，并加强公司管理。
Meituan has also been ordered to comprehensively rectify its misconduct, including improving the commission charging mechanism and algorithm rules, safeguarding the legitimate interests of small and medium-sized catering businesses on the platform, and strengthening the protection of the lawful rights and interests of the delivery personnel.
But competition, which can also engender handsome commissions or bonuses for peak performance, does not justify severe misconduct like sexual assaults, analysts said.
"Li called for systemic change in corporate structures, by way of introduction of measures to prevent or preempt such misconduct in the first place, and to handle any such cases in the future in an efficient and rule-based manner.
Commentary on the fine in People's Daily said that to regulate is to ensure better development, and "the act of tugging at the sleeve is also an act of love", which means that self-correcting checks on minor misconduct is meant to avoid larger missteps.
They pointed out some misconduct by the fintech group, such as "flouting regulatory compliance requirements", "conducting arbitrages against regulations", and excluding competitors in the same business sector by taking advantage of its dominant market position, the PBOC said.
Thursday's show also discussed other business misconduct including sea cucumber farming, inferior towels and rip-off beauty products, which local market regulatory authorities have begun to probe in special investigations.
Canadia media outlet CBC reported Meng's lawyers also pointed to the fact HSBC had its own deferred prosecution agreement at the time with the US Department of Justice, which saw the bank pay a $1.9 billion fine for misconduct.
Starting in the second quarter of 2019, the company's CEO and several employees engaged in certain misconduct, including fabricating certain transactions, amounting to around 2.2 billion yuan, according to an internal investigation from Luckin Coffee.
Alibaba said that after internal investigations, no evidence showed Jiang's involvement in related deals, business decisions, or misconduct of any kind.
Our research tracing the 326 Chinese firms that went public in the US from 1999 to 2017 has showed that US courts sometimes face difficulties in fully carrying out punishments of Chinese firms engaged in misconduct.
In a market where 80 percent of investors are institutional investors, listed firms' misconduct will ultimately be detected and priced in.
Liu Jian, chief operating officer and a director of the company, and several employees reporting to him, had engaged in misconduct, including fabricating transactions, a company statement said on Thursday.
Jian Liu, the chief operating officer and a director of the company, and several employees reporting to him, had engaged in certain misconduct, including fabricating certain transactions, according to the statement.
Carlos Ghosn, former chairman of Nissan Motor Co, said in Beirut on Wednesday the allegations of financial misconduct against him are untrue.
Nissan said in a statement on Monday that Ghosn's escape would not affect its policy of holding him responsible for "serious misconduct".
- Accountancy giant KPMG was fined 5 million pounds (about 6.5 million US dollars) over an audit misconduct of Co-operative Bank in 2009, revealed a statement issued Wednesday by the Financial Reporting Council (FRC), an independent British regulator for auditors, accountants and actuaries.
The regulator stated that the misconduct took place in 2009 shortly after the Co-operative Bank's merger with the Britannia Building Society, a mutual building society in Britain.
Baidu, the country's largest searching engine, and Damai, an online ticketing platform, were respectively ordered to pay 20,000 yuan ($2,954) and 50,000 yuan ($7,380) in fines for their misconduct, according to the National Office against Pornographic and Illegal Publications.
JD said in a statement on social media site Sina Weibo on Sept 2 that Liu was falsely accused and police found no misconduct.
JD's American depositary receipts fell $1.87 per share, or 5.97 percent, to close at $29.43 per share in Nasdaq trading, its lowest share price since February 2017, after Liu was held in Minneapolis, Minnesota, in the United States, on suspicion of criminal sexual misconduct and later released without any charges or bail.
The company also said in a statement on the social media site Sina Weibo on Sunday that Liu was falsely accused of sexual misconduct while in the US on a business trip, and that police investigators found no misconduct.
On Sunday, JD announced on the Chinese social media site Weibo that Liu was falsely accused of sexual misconduct while in the US on a business trip.
The company said in a statement on the social media site Sina Weibo on Sunday that Liu was falsely accused of sexual misconduct while in the US on a business trip.
It said local police found no misconduct and that Liu would continue his trip as planned.
com, who was accused of sexual misconduct in the US has gone viral, causing a social media storm home and abroad starting Sept 1.
According a report from Associated Press, Minnesota law defines five degrees of criminal sexual misconduct, ranging from gross misdemeanors to felonies and covering a broad array of conduct ranging from nonconsensual touching to violent assault with injury.
[Photo/Agencies]TOKYO — Kobe Steel's chief executive said on Thursday the firm's data-fabrication may have spread beyond Japan and he was ordered by the government to report on how the misconduct occurred and address safety concerns that have sparked a scare along global supply chains.
Deutsche Bank Chief Executive Officer John Cryan is focusing his attention on returning the lender to growth after grappling with losses resulting from legal probes and misconduct charges.
The US' misconduct flouted the rule-based trade system, infringed the basic principles of market economy and disrupted fair competition, which will exacerbate trade frictions and affect normal business decisions, he said.
Gao Lingyun, director of the international investment division at the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, said US misconduct will only trigger a rat race and a beggar-thy-neighbor approach among WTO member economies and exacerbate trade frictions.
Such misconduct will seriously damage the interests of enterprises in China and Japan, sabotage economic and trade cooperation between the two countries and impair secure global semiconductor industrial and supply chains, the spokeswoman added.
Such misconduct will seriously damage the interests of enterprises in China and Japan, sabotage economic and trade cooperation between the two countries and impair a secure global semiconductor industrial and supply chain, she said.
The overall financing costs of SOEs are at relatively low levels, which gives rise to possible misconduct.
"The Chinese authorities are working to bring platform enterprises into a certain regulatory framework, which can effectively rectify and regulate misconduct such as disorderly expansion of capital and monopolistic behavior," Xu said.
China firmly opposes the misconduct of the US and will protect the lawful rights and interests of Chinese entities and individuals, the ministry added.
China's continued efforts to curb rising pork prices and crack down on market misconduct and irregularities will help stabilize the market and keep overall prices within a reasonable range this year, according to experts.
In September, the State Taxation Administration issued a special notice stipulating that livestreaming hosts who proactively report their tax-related misconduct and make due rectifications before the end of 2021 will receive lighter punishment.
However, some livestreaming hosts' misconduct and illegal activities have "harmed the development of a fair and competitive market", the inspection bureau of the Hangzhou taxation bureau said in a notice on Monday.
The National Radio and Television Administration said last week it will strengthen supervision on livestreaming during the Nov 11 campaign period to prevent misleading, exaggerated commercials or other potential cases of misconduct during these live shows.
Shu Jueting, spokeswoman of the Ministry of Commerce, said at a news conference in late April that China is firmly opposed to such misconduct by the US as it represents typical bullying in the technology sector, when she was asked about the comments on the Financial Times report.
At a news conference on Thursday, Shu Jueting, spokeswoman of the Ministry of Commerce, made the comment on a news report about the US demanding that South Korea not fill any market gaps in China, adding that China is firmly opposed to such misconduct by the US as it represents typical bullying in the technology sector.
He was forced out in 2019 following his arrest in Tokyo on financial misconduct charges while head of the Renault-Nissan-Mitsubishi alliance.
The appointments, to take effect by Jan 1, come after months of turmoil for the automaker in the wake of the arrest of former chief Ghosn on allegations of financial misconduct.
The under-fire CEO, however, has denied ordering the shady payments, and was quoted as saying, "I thought the procedures were handled properly and I didn't know about the misconduct.
Nissan's shareholders have called for Saikawa to resign to take account for not reining in Ghosn and allowing him the autonomy to allegedly fleece Nissan in multiple cases of financial misconduct.
Mitsubishi Motors Corp shareholders approved on Friday the ouster of Carlos Ghosn, who was pivotal in the Japanese automaker's three-way partnership with Nissan and Renault until he was arrested on financial misconduct charges last year.
The company will propose to shareholders a new board structure with 11 members, six of whom will be external, as Nissan attempts to improve corporate governance in the wake of former chairman Ghosn's arrest for alleged financial misconduct.
"With the lessons from the recent executive misconduct still fresh, Nissan resolves to rigorously pursue separation of supervisory and executive functions," the company said.
The firm has been crippled by the reputational damage caused by the legal woes of former chairman Ghosn, who faces four formal charges of financial misconduct.
TOKYO — Japanese prosecutors said Monday they have indicted Nissan's former chairman Carlos Ghosn with additional charges of breach of trust, with his alleged misconduct expanding outside Japan.
""Such misconduct is completely unacceptable, and Nissan is requesting appropriately strict penalties," it said.
He says he is innocent of all financial misconduct charges against him.
TOKYO — Nissan shareholders approved on Monday the ouster from the Japanese automaker's board former Chairman Carlos Ghosn, who faces allegations of financial misconduct.
They likewise also gave a green light to removing from the board a former executive direct, Greg Kelly, who has been charged with collaborating with Ghosn in the alleged misconduct.
Ghosn is facing financial misconduct charges and was arrested in connection with fresh allegations and taken back into custody last week after spending barely a month out of detention on bail.
Nissan's former chairman Carlos Ghosn was arrested on Thursday for a fourth time by Tokyo prosecutors investigating him for alleged financial misconduct.
He was arrested in Tokyo in November and faces charges of financial misconduct and aggravated breach of trust over allegedly failing to report around $82 million in salary and temporarily transferring personal financial losses onto Nissan's books during the financial crisis.
"It is clear that there are issues requiring improvement with respect to Nissan's governance as it could not prevent the misconduct.
Renault's board will meet on Thursday to replace Ghosn, in a move that could help ease tensions with alliance partner Nissan following Ghosn's arrest in Japan for alleged financial misconduct.
Nissan does not in any way tolerate such misconduct and calls for strict penalties," it said.
YOKOHAMA, JAPAN - Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn's use of an internal "CEO Reserve" fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two sources with knowledge of the inquiry told Reuters.
Nissan spokesman Nick Maxfield said the Japanese automaker was still looking into the nature and extent of what it calls the misconduct by Ghosn.
In a commentary on the State Administration for Market Regulation's fine on Alibaba Group Holding Ltd for its monopolistic behavior, People's Daily said "the act of tugging at the sleeve is also an act of love", which means that self-correcting checks on minor misconduct is meant to avoid larger missteps.
Over the next several weeks, Meng's defense team will argue that the US "manipulated" the case for committal and the certified evidence before the court; that the US has both "mischaracterized" evidence and "omitted" other evidence in order to establish fraud; and that its "misconduct in certifying misleading evidence", coupled with its "shifting theory" of the case, has "corroded the fairness" of the Canadian legal proceedings, according to a statement released by Huawei on Wednesday.
Meng's lawyers have claimed her "abuse of process" motion is based on four branches of misconduct: (1) the politicization of her case by former US president Donald Trump and others; (2) an arrest that was a "master class in how to violate a person's Charter rights"; (3) the certification by the US of "manifestly unreliable and potentially misleading" evidence aimed at the Court; and (4) a claim of jurisdiction by the US that constitutes a "brazen violation" of customary international law.
To fulfill its responsibility in financial market regulation, the commission has taken measures to promote innovation under the premise of prudential supervision, strictly guard against excessive leverage and adopt a "zero-tolerance" principle in cracking down on violations and misconduct in the securities market, Yi said.
Guideline on independent directors seeks to improve corporate governanceThe Chinese capital market is heading for further maturity as the central regulators aim to optimize the independent director system and tackle listed companies' possible misconduct, thereby improving A-share companies' quality, said experts.
The statement came on the heels of media reports that said a letter accusing OneConnect of engaging in a series of misconduct, including financial fraud, false reporting and bribery, has been sent to securities regulators and media organizations.
"The government, he said, appears to be intent on eliminating misconduct by some overseas-listed Chinese issuers that took advantage of regulatory loopholes.
By sticking to the rules of "perfecting fundamental systems, nonintervention and bearing zero tolerance for misconduct", which are also the intrinsic logic safeguarding the high-quality development of the capital market, more efforts will be made to normalize initial public offerings and refinancing, the CSRC said during its annual work conference on Thursday.
- The China Securities Regulatory Commission has pledged further measures to improve the quality of public companies, vowing "zero tolerance" for securities misconduct.
International investors' trust in Chinese equities has been enhanced after tougher regulations took effect to weed out listed companies indulging in misconduct or with weak fundamentals, experts said.
The risk of forced delisting has increased considerably due to the new rules, serving as an effective deterrent to potential misconduct of listed companies, she said.
It is encouraging to see regulators in China taking a positive attitude toward strengthening standards as well as enhancing enforcement and transparency, such as in cases of financial fraud involving listed companies and potential misconduct related to recent credit defaults.
Their articles, included in a recently published book, highlight key tasks for the next five years, such as the government's increased scrutiny of the financial sector to tackle credit defaults, curbing misconduct and encouraging financing through the equity market, experts said.
In November, a meeting of the nation's top financial regulatory body emphasized "zero tolerance" of misconduct in financing deals or attempts by enterprises to evade debts.
Analysts said the firms facing delisting risks from continuous low stock prices usually lack profitability and even indulge in misconduct.
That said, Dong still urged US-listed Chinese firms to strengthen financial reporting compliance and eradicate misconduct that takes advantage of differences in accounting standards between the two countries or loopholes in supervision cooperation.
Besides the risk of losing the key decision-maker with no succession plan, dual-class share structures could also expose investors to managerial misconduct risks, experts said.
Under these structures, the management's massive power, together with their limited equity shares and thus lower interests in the company, could breed management misconduct in pursuing personal interests at the expense of investors' interests, according to Hong Rong, an MBA tutor with the Shanghai Advanced Institute of Finance and founder of an investor education platform Hongda Education.
As for potential managerial misconduct, laws and investor protection systems are in the position to shield investors from risks," Hong from the SAIF said.
Through the mechanism, the People's Bank of China, the central bank, is able to track and monitor all capital flows from third-party payment vendors, potentially preventing misconduct such as money laundering, tax evasion and bribery, said Neil Wang, China president of consultancy Frost & Sullivan.
Nearly 100 people were held responsible for misconduct and irregularities related to local government debt in 2017.
It pointed out potential inconsistency of the CSRC punishment for similar misconduct and argued its wrongdoings did not deserve such a heavy punishment.
The misconduct included bad assets, bond defaults, shadow banking, capital embezzlement and irregular inflow of loans or wealth management funds into the property sector.
Meanwhile, the government should strengthen its ongoing regulatory scrutiny to curb misconduct in the sector," Peng said.
The Communist Party of China's efforts over the past 10 years to severely punish misconduct and corruption that occur "at people's doorsteps" have led to an increase in the sense of gain and happiness among the people, observers said.
"Criminals should be liable and punished for their own misconduct, meaning that others shouldn't be implicated in the penalties.
"China strictly policed its footprint in deep-sea fishing and maintained zero tolerance toward misconduct through legislation and administrative law enforcement measures," it said, adding that China had adopted a digital logging system to prevent overfishing of tuna, squid and saury, among others.
Misconduct related to misapplication of fines will be seriously dealt with, and violations will be disclosed to the public.
During the inspections, these entities were urged to implement strict governance within the Party, strengthen oversight of their leadership, intensify efforts in investigating and addressing cases of corruption, and earnestly rectify any misconduct.
Stricter Party governance is emphasized, with a focus on supervising top leaders, intensifying the investigation and handling of corruption cases and misconduct.
Tragedies caused by online misconduct have also received massive public attention and prompted many industries, such as cyberspace agencies, internet service providers and judicial authorities, to initiate measures to solve the problem.
Administrative reconsideration, an important legal means to resolve disputes between residents and administrative bodies, aims to protect the legitimate rights of people, enterprises and organizations by stopping, correcting and preventing administrative misconduct, according to the legislature.
Discipline inspection and supervision organs at all levels should persevere in the rectification of misconduct and further improve the working mechanism for investigating related problems.
Chinese courts issued a total of 10,308 "family education orders" last year to urge guardians to fulfill their duties to their children and correct their misconduct, providing stronger protection for juveniles, an official from China's top court said.
If delinquency or misconduct is found in children's guardians in other disputes, education will also be needed.
Work on handling these supplements the judicial system in terms of helping the public to safeguard its rights and report misconduct, and had usually been conducted through the National Public Complaints and Proposals Administration and its local divisions.