… years. By July 2022, the SEC had already identified more than 150 companies (e.g., Alibaba, JD.com, and Yum China Holdings) for failing to comply with the auditing requirements.8 Empowered by … the sale of equities, this additional measure may require state-owned enterprises to buy shares with cash repatriated from overseas. Although the Chinese government is 7MAY 2024 … Reform”, Edited by Robert Birsel and Christina Fincher, Reuters, March 7, 2023, www.reuters.com/world/china/china-set-up-new-financial-regulator-major- supervisory-overhaul-2023-03-07/, …