China's CSRC is fast improving disclosure and corporate governance, earning it a worldwide reputation as the rising star of securities regulators. However some deeply rooted corporate practices and structures are hard to change over
When China's Yin Guang Xia was investigated for fraud in August, listed companies really knew the regulatory bodies were taking things seriously. One of Shenzhen's 'big-cap' diversified traders, the company was about to witness the arrest of four of its senior executives - including the former president of a major subsidiary - and face a temporary suspension from trading on the Shenzhen Stock Exchange. This was a company that had last year bandied about the idea it would seek a dual listing
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