801:全部都是鹅肠看不同哦，你同声翻译一下。

[大树熊 编辑于 2011-07-06 17:38]

July 6 (Bloomberg) -- U.S. and Chinese officials will meet next week to discuss giving American securities regulators the right to investigate companies within China for the first time, said two Chinese officials with direct knowledge of the plans.

Representatives from the Securities and Exchange Commission and the Public Company Accounting Oversight Board will meet with counterparts from the China Securities Regulatory Commission in Beijing from July 11 to 12, said the officials, who asked not to be named because the talks are private.

A joint delegation from the SEC and PCAOB will share “technical and practical information regarding audit inspection and cross-border oversight that we hope and expect should facilitate our achievement of our meaningful inspection procedure for Chinese audit firms going forward,” said Colleen Brennan, a PCAOB spokeswoman, declining to discuss the timing of any meeting. John Nester, an SEC spokesman, declined to comment.

China-Biotics Inc. and Heli Electronics Corp. are among dozens of companies traded in the U.S. that have disclosed auditor resignations or accounting irregularities this year, leading to the suspension or delisting of their shares. Some of the SEC’s previous investigations of such companies have been stalled by the inability to gather information in China.

Regulators in the Asian nation haven’t felt pressure to immediately address oversight of companies publicly traded in the U.S. because they weren’t responsible for approving the listings, one of the officials said.

The meetings next week will discuss the feasibility of U.S. regulators conducting field inspections of auditors and companies in China, the officials said. They’ll also include talks focused on companies that list in the U.S. through reverse mergers, said one of the Chinese officials.

‘Gaping’ Hole

Reverse mergers allow closely held firms to buy publicly traded shell companies, thereby gaining a stock listing without the scrutiny of an initial public offering. Chinese companies listed in the U.S. have had $4.1 billion wiped off their market value this year amid a wave of auditor resignations and fraud allegations by short-sellers including Carson Block’s Muddy Waters LLC. Auditors have cited problems ranging from forged paperwork to a suspected fake bank website.

The SEC cautioned investors last month, saying that companies gaining listings this way may be prone to “fraud and other abuses.”

PCAOB Chairman James R. Doty said in April that the inability to inspect auditors in China represents a “gaping hole in investor protection.” The board regulates and inspects registered auditors under the oversight of the SEC.

Equal Access Offered

Access that U.S. regulators have requested doesn’t comply with China’s existing laws, one of the Chinese officials said. The Chinese regulators were offered equal access to conduct field inspections in the U.S., according to the officials. No foreign companies are currently listed in China.

The China Securities Regulatory Commission didn’t immediately respond to faxed requests for comment.

U.S. regulators previously met with officials from the China Securities Regulatory Commission in May in Washington. Doty said at the time that those talks may lead to “something conclusive” on how the nations handle the situation.

“Both sides have agreed to accelerate efforts, including undertaking a process for negotiations and engaging in technical assistance activities, to reach a bilateral agreement,” the PCAOB’s Brennan said.

Some SEC investigations have been stalled as Chinese regulators blocked attempts to gather data even when the firms were willing to cooperate, a person with direct knowledge of the matter said in May.

Delistings Sought

The Nasdaq Stock Market has delisted companies such as China MediaExpress Holdings Inc. and China Agritech Inc. China Agritech spokesman Fan Bin said the company’s delisting hasn’t affected its business. Zheng Zhuofeng, China MediaExpress’s financial controller, wasn’t available to comment.

More than 150 Chinese companies with a market value of $12.8 billion have entered U.S. markets through reverse mergers since 2007, according to the PCAOB. During that same period, only about 50 Chinese companies filed IPOs. The Bloomberg Chinese Reverse Mergers Index, which tracks 78 shares listed in the U.S., has dropped 44 percent this year.

The accounting board last month rejected an application by Hong Kong-based Zhonglei CPA Co. to become a registered U.S. auditor, citing an inability to inspect its work for companies based in China. It was the first time the board had rejected an application since tightening rules in October.

New Policy

The PCAOB issued a new policy in October making the inability to inspect auditors in nations such as China a factor when considering whether to approve them. The organization is currently blocked from inspecting firms based in China.

Most of the customers of the firms that are under investigation by the SEC are in China, not regulated by the SEC. Without the ability to subpoena information from the firms’ customers, it’s been difficult for the SEC to corroborate sales records, a person familiar with the matter said in May.

The SEC in March suspended trading of Heli Electronics after faulting the company for a lack of current and accurate information in its financial statements. MaloneBaily LLP resigned as the company’s auditor that same month after it identified irregularities with Heli Electronics’s financial statements. Calls to the company’s offices in the city of Guangzhou went unanswered.

China-Biotics said June 29 that the company intended to voluntarily delist its stock from trading on the Nasdaq exchange. BDO Ltd. resigned June 22 as the company’s auditor citing irregularities it had uncovered that likely constituted “illegal acts,” including being directed by China-Biotics staff during audit work to a suspected fake bank website. An operator who answered calls to the company’s offices in Shanghai said no one was available to comment.

--Eva Woo, Dune Lawrence. With assistance from Charles Li in Beijing, Neil Western in Hong Kong and Jesse Hamilton in Washington. Editors: John Liu, David Scheer

To contact Bloomberg News staff on this story: Eva Woo in Beijing at [email protected]; Dune Lawrence in New York at [email protected]

刚刚说完就看到这个：

新加坡國有投資公司淡馬錫控股減持中國建設銀行(00939)建設銀行 (939)
的股份，涉資282億港元。

根據彭博數據，淡馬錫透過摩根士丹利減持約188億港元的中行股份和約94億港元的建行股份。

彭博稱，淡馬錫的子公司Fullerton Financial Holdings Pte Ltd.以每股3.63港元的價格減持51.9億股中行股票，較該行昨天3.86港元的收市價低6%。淡馬錫子公司Cairnhill Investments (Mauritius) Pte和Crescent Investments (Mauritius) Pte以每股6.26港元的價格減持了15億股建行股票，較建行昨天6.48港元的收市價低3.4%。

可能中国经济从去年开始已经走向日本式的衰退了，只是不同的是※※有绝对控制力，可以把衰退放缓很多年。其实上网一查就看到一年来股市表现最好的是泰国和其他东盟国家，这一次中国股票被炒家玩了一把，估计人家尝到甜头了以后还会在玩。我觉得从去年年中开始股票越来越难做，有点颠覆以前的概念，以前是公司出报表业绩好就升现在是业绩好跌，有时业绩不好反而升，理由是没有预计的坏，现在更像赌博买大小。而且是郁闷一整年然后爆升一个月再接着牛皮很久，如果没赶上就要一直郁闷下去了。

801:好的，我会密切注意 这发面的发展。现在银行推7天短期高息8厘的存款就可以说明资金是多么紧。※※欠债太多其实不是现在的情况了，这么多年一直都是这样。主要指地方※※或者说是二线城市，那些小地方没什么产业最大的收入就是卖地，前几年有地产商买地的话就※※做担保银行出大头发展商出小头。今年一收紧的话※※很难过，路建了一半，楼建了一半没钱了。发展商没关系的最多抱着银行一起死而已。

大树：
最近有国外评论社警告中国※※借太多钱给银行以刺激经济，中国会不会像美国一样换一个※※之前就是经济的顶峰，换了之后，开始的时候就是经济周期的低谷，这个我不知道。小心。

Moody's warns over China bad debt
http://www.bbc.co.uk/news/business-14024999

5 July 2011 Last updated at 03:57 ET

Chinese banks had lent 8.5tn yuan ($1.3tn; £820bn) to the local governments in 2010 in an attempt to boost growth.

However, the agency said the debt burden could be 3.5tn yuan larger than auditors had estimated.

It warned that bad debt could reach between 8% and 10% of the total loans.

"When cross-examining the findings by the 27 June National Audit Office (NAO) report, in conjunction with reports from Chinese banking regulators, we find that the Chinese audit agency could be understating banks' exposures to local governments by as much as 3.5tn [yuan]," said Yi Zhang of Moody's.

Ms Zhang explained that since these loans were not covered by the NAO, they were not considered as real claims on local governments by the audit agency.

"This indicates that these loans are most likely poorly documented and may pose the greatest risk of delinquency," she added.

Moody's warned that given the scale of the problem, the credit outlook for China's banking sector could turn to negative.

801你可以把剩下的鱼试一下加点红枣、黑木耳蒸，我估计会好一点。

猫屎：
有无搞错，我拍得很黄吗

Lok：
不好意思，她是我的女同事，我喜欢大美女，不喜欢小美女，所以至今未娶。  郁闷

今天又试一下做魔鬼鱼，还是不太好吃，有点苦味，下次还是吃神仙鱼的好

猫屎平时一般进错那些网站？听说现在风声紧啊。

801，新的女友啊？好年轻哦！

哇，801，我以为进错网站呢

树熊，不知道海马骝啵，只知道地沟产的小龙虾

谢谢松树和猫屎的回复，送个小美女给你们，嘻嘻

猫屎：海滩只野系唔系又叫做海马骝？

今天听别人说到最近看突然拿到近处的小字时会有约一秒钟的对焦时间，这个是老花的前奏，我也试了一下，也有这样的情况出现，有点伤感。。。。。。

松鼠好犀利，知道枪的名字，领导唱完红就溜了，姑娘们留下扛枪......

另外801那种是魟鱼，俗称魔鬼鱼，裙边是软的，鲎应该是这种，有硬壳

树熊所见略同

现在不但唱红歌，难道还要唱：飒爽英姿五尺枪吗？

801真的很有口福咧，看得直流口水，认真看看，801皮肤很好咧，哈哈哈哈哈哈，米国还是很养人地。。。。。。。人总是难得十全十美地，中国环境差点，但不用一堆*******孤单类省略字还要加上ing.知足者常乐也，我感觉你还是晒命的成分多些。。。。很伤心地接受你的晒命。。。

应该是叫鲎，属于比较凉性的鱼类，滚汤喝若是寒凉体质的人喝了会很惨，一般的人喝都会肠胃有点反应，就是拉肚子，曾经一队人出外旅行，全部栽倒在这个家伙身上，当然不全因为他，他仅仅使得大家肚子有反应，加上一些卫生问题，搞的在高速公路上沿途埋地雷，现在想起来也是很好玩的一次经历。

801：你可以自驾千里走单骑，我们会很羡慕嫉妒恨的。

大树松树猫屎Lok影友：

看看今年我树发的龙眼，无比甜美，你们何时来看我尝尝啊（伤心痛苦孤单符号ing）

首都的大姑娘

哇，D猫好肥啊。

上张应景的

做了黑社会老大的仔仔！！

毫无矜持的LILY————

雨潤食品(1068.HK)下跌5.0%﹐週一該股因沒有確鑿證據的傳言而重挫19.8%﹐主要是Muddy Waters就雨潤問題撰寫了一篇研究報告﹐這引發了雨潤持有者的恐慌情緒。週二道瓊斯通訊社接到了一份電郵﹐Muddy Waters的創始人Carson Block表示﹐該行儘量做到其研究工作保密﹐至於市場上廣泛傳播的傳言﹐要麼是他們的保密失敗﹐要麼傳言本身就是錯誤的。

这条新闻很搞，我查了字典，Muddy Waters公司的中文名称就是“浑水”，浑水摸鱼的那个浑水。我不禁感叹：西方人真的是很直接！

lok：我们是直接挤到猫口里的，每次一下就够了，但是仔仔会挣扎要小心别被抓伤而且它还会吐出来喂进要立即钳住仔仔的嘴等咽下去才松手, 我们要两个人才行。这个有难度如果不行就只喂lily 吧。

树熊，放了鱼油猫猫们并不太喜欢吃哦！只吃了几次，还看不出有何不同。

801的鱼好有个性哦！！

。

lok:啊paul喂咗一段时间鱼油之后，而家猫毛如丝般润滑，你各边各两只嘢点样？

魟鱼，还能钓到，好过瘾啊，北京也有，只能去超市买冰鲜了