When someone shares with you something of value, you have an obligation to share it with others.
Tuesday 30 December 2008
Mainland’s Top Audit Agency to Check Offices, Companies in Hong Kong
The country’s top auditing agency would next year examine how the central government’s agencies and mainland-funded companies in Hong Kong managed state-owned assets, auditor-general Liu Jiayi said yesterday.
Mainland’s Top Audit Agency to Check Offices, Companies in Hong Kong
Gary Cheung 30 December 2008
The country’s top auditing agency would next year examine how the central government’s agencies and mainland-funded companies in Hong Kong managed state-owned assets, auditor-general Liu Jiayi said yesterday.
Victor Sit Fung-shuen, a Hong Kong academic with close ties to the mainland, believes the high-profile move by the National Audit Office was prompted by the central government’s determination to tighten regulation of its Hong Kong-based agencies and mainland-funded firms amid the global financial crisis.
The central government’s liaison office and the Commissioner’s Office of the Foreign Ministry will be included in the audit.
Mr. Liu made the announcement at a two-day national audit meeting in Beijing, which ends today. Xinhua reported that Mr. Liu said safeguarding the country’s external investments and improving the risk control of investments would be priorities for the auditing agency next year.
A spokesman for the National Audit Office said it was empowered to audit all government agencies and state-owned enterprises, including those in Hong Kong.
An official from the central government’s liaison office in Hong Kong said, as a central government agency, it was natural for it to be audited by the national audit office.
A source familiar with the situation said some large mainland-funded firms in Hong Kong had been audited by the office in the past decade.
“It’s not the first time the National Audit Office will have audited mainland-funded firms in Hong Kong. But such a high-profile approach is a bit unusual,” the source said.
Another source said the central government was concerned about possible investment losses suffered by mainland-funded companies in Hong Kong amid the financial crisis and would like to get a better grasp of their funds’ management.
“Beijing also wants to know whether there is any improper use of funds, or false accounts made by mainland-funded firms in Hong Kong,” the source said.
There are about 2,900 mainland-funded companies in Hong Kong with total assets of more than HK$3.6 trillion.
In October, Citic Pacific, a state-owned conglomerate in Hong Kong, disclosed that it faced potential losses of HK$15.5 billion - which it later raised to HK$18.6 billion - from investing billions in Australian dollar accumulator contracts, hoping the currency would continue to rise.
Citic Group, its parent company, later came to the unit’s rescue by buying convertible bonds and assuming about 66 per cent of the accumulator contracts.
Professor Sit, director of Baptist University’s research institute for contemporary China studies, said the global financial crisis underscored the need to step up monitoring of companies.
4 comments:
Mainland’s Top Audit Agency to Check Offices, Companies in Hong Kong
Gary Cheung
30 December 2008
The country’s top auditing agency would next year examine how the central government’s agencies and mainland-funded companies in Hong Kong managed state-owned assets, auditor-general Liu Jiayi said yesterday.
Victor Sit Fung-shuen, a Hong Kong academic with close ties to the mainland, believes the high-profile move by the National Audit Office was prompted by the central government’s determination to tighten regulation of its Hong Kong-based agencies and mainland-funded firms amid the global financial crisis.
The central government’s liaison office and the Commissioner’s Office of the Foreign Ministry will be included in the audit.
Mr. Liu made the announcement at a two-day national audit meeting in Beijing, which ends today. Xinhua reported that Mr. Liu said safeguarding the country’s external investments and improving the risk control of investments would be priorities for the auditing agency next year.
A spokesman for the National Audit Office said it was empowered to audit all government agencies and state-owned enterprises, including those in Hong Kong.
An official from the central government’s liaison office in Hong Kong said, as a central government agency, it was natural for it to be audited by the national audit office.
A source familiar with the situation said some large mainland-funded firms in Hong Kong had been audited by the office in the past decade.
“It’s not the first time the National Audit Office will have audited mainland-funded firms in Hong Kong. But such a high-profile approach is a bit unusual,” the source said.
Another source said the central government was concerned about possible investment losses suffered by mainland-funded companies in Hong Kong amid the financial crisis and would like to get a better grasp of their funds’ management.
“Beijing also wants to know whether there is any improper use of funds, or false accounts made by mainland-funded firms in Hong Kong,” the source said.
There are about 2,900 mainland-funded companies in Hong Kong with total assets of more than HK$3.6 trillion.
In October, Citic Pacific, a state-owned conglomerate in Hong Kong, disclosed that it faced potential losses of HK$15.5 billion - which it later raised to HK$18.6 billion - from investing billions in Australian dollar accumulator contracts, hoping the currency would continue to rise.
Citic Group, its parent company, later came to the unit’s rescue by buying convertible bonds and assuming about 66 per cent of the accumulator contracts.
Professor Sit, director of Baptist University’s research institute for contemporary China studies, said the global financial crisis underscored the need to step up monitoring of companies.
ありがとう あなた(Arigatou Anata) - 山口百恵(Momoe Yamaguichi)
私のせいなら 許してください
あなたをこんなに苦しめたことを
私のことなど これきり忘れて
明るい日向を歩いてほしい
枯葉の一つずつ零れるたびに
悲しいお別れ近づいてます
泣いたり笑ったり けんかをしたり
あなたといる限り 素直になれました
"ありがとう あなた"
後どのくらい 愛されますか
後どのくらい 生きられますか
私のせいなら 許してください
あなたを知らずに傷つけたことを
私は一人で どうにかなるから
いい人を必ず 見付けてほしい
小石を一つずつ並べるように
いろんな思いで 数えています
人から愛される幸せの意味
あなたが手を取って教えてくれました
"ありがとう あなた"
後どのくらい 愛されますか
後どのくらい 生きられますか
孤身走我路(I'm on My Way Alone) - 梅艳芳(Anita Mui)
孤身走我路
獨個摸索我路途Oh……
寂寞滿心內
是誰在耳邊輕鼓舞
我要唱出心裡譜
我已決意踏遍長路Oh……
跟心中拍子
傲然獨舞永沒停步
不想管終點何日到Ah……
孤身走我路
但信心佈滿路途Oh……
路仍是我的路
寂寞時伴我影歌中舞
孤身走我路
是痛苦欲也自豪
前面有陣陣雨灑下
淚兒伴雨點風中舞
那怕每天都跌倒
我信我會走得更好Oh……
心中痛苦
無從盡訴欲自流露
風中的纖瘦影悠然自顧 Ah……
孤身走我路
獨個摸索我路途Oh……
問誰伴我走我路
寂寞時伴我影歌中舞
没有钱你还爱我吗
在这深夜里我想说爱你
不知道该从哪说起
屏幕的那头是熟悉的你
而现在出现了距离
好像认识你从上辈子起
每天晚上有我陪着你
爱你在心里我从未提起
在此刻我要告诉你
没有钱你会爱我吗
简单的一句话
没有钱你会爱我吗
我愿做个傻瓜
没有钱你会爱我吗
真心的一句话
没有钱你会爱我吗
我想听听你的回答
好像认识你从上辈子起
每天晚上有我陪着你
爱你在心里我从未提起
在此刻我要告诉你
没有钱你会爱我吗
简单的一句话
没有钱你会爱我吗
我愿做个傻瓜
没有钱你会爱我吗
真心的一句话
没有钱你会爱我吗
我想听听你的回答
没有钱你会爱我吗
简单的一句话
没有钱你会爱我吗
我愿做个傻瓜
没有钱你会爱我吗
真心的一句话
没有钱你会爱我吗
我想听听你的回答
没有钱你会爱我吗
我想听听你的回答
没有钱你会爱我吗
Post a Comment