Hong Kong media reported last week that Chinese e -commerce giants Jingdong Group submitted documents to the US Securities Regulatory Commission according to the requirements of the US Foreign Corporation's HFCAA (HFCAA).With direct or indirect power, the company's management and policies are guided by the securities with voting rights, and the company's management and policies are guided by contracts or other methods.
The letter reported last Thursday (April 20) the above news, and said that as of February 28 this year, Liu Qiangdong, chairman of JD board of directors, owned 12.7%of the total number of ordinary shares issued by JD, accounting for the company's total voting.73.9%of the rights; Wal -Mart has a total of 9.2%of the total issuance of ordinary shares, accounting for 2.8%of the company's total voting rights.
According to the Wall Street Journal report last year, JD.com has been included in the list of identification based on the accountability law of foreign companies by the US Securities and Exchange Commission (SEC).The bill requires the company's audit institutions to be inspected by the Accounting Supervision Committee (PCAOB) of the US listed company.
For companies that have not been able to accept PCAOB inspections for the auditing agencies used for three consecutive years, US regulators are seeking transactions that prohibit their securities.
PCAOB is responsible for checking about 40 non -US audit institutions in other jurisdictions.Without the approval of relevant Chinese departments, PCAOB cannot review the audit draft in China.