The U.S. Securities and Exchange Commission charged a U.S.-based audit firm and one of its founding partners for their roles in the botched audits of a China-based company that failed to disclose related party transactions by its CEO and others. An SEC investigation found that Patrizio & Zhao LLC and John Xinggeng Zhao, who is […]

U.S. based law firm Levi & Korsinsky is reportedly investigating China Integrated Energy Inc. to determine whether it has violated federal securities laws by issuing false and misleading statements. According to a statement from the law firm, on March 16, 2011, Sinclair Upton Research issued a report alleging that China Integrated concealed numerous "fraudulent acquisitions" […]

Wang Qishan, vice premier of China, says that the most prominent achievement of the Fourth Sino-U.S. Strategic Economic Dialogue is that China and the U.S. have expanded cooperation in energy and environmental sectors.