Daily Archives: 7 April 2022

Insufficient

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People’s Republic of China government securities regulators are offering a change to PRC securities laws that would remove a requirement that

audit inspections of overseas-listed Chinese companies be done mainly by Chinese regulators.

Another part of the PRC regulators’ offer:

Under the draft rules, the burden of protecting state secrets now falls to private companies as well. They have to report to the financial watchdog and other authorities before cooperating with overseas regulators.

Far from being a serious offer, this is insulting.

PRC regulators of companies possessing PRC state secrets—or held to possess them by the PRC government—will have too easy a time using the secrets excuse to delay, obfuscate, or outright censor any effort at an audit.

Audits not being done “mainly” by PRC regulators are not the same as agreeing to let host nation auditors—American auditors in our case—have full, complete, open access to PRC company books immediately on request, including no-notice requests.

Anything less is too much interference with the audits of companies listed on our exchanges, whether foreign companies are PRC-domiciled or elsewhere.

The SEC must not take this move by the PRC seriously.

All Lives Don’t Matter

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Certainly not in Colorado.

[Governor Jaried, (D)] Polis signed HB 22-1279, the “Reproductive Health Equity Act,” which the governor said “codifies a person’s fundamental right to make reproductive health-care decisions free from government interference.”

And this:

A fertilized egg, embryo, or fetus does not have independent or derivative rights under the laws of this state[.]

Baby’s lives don’t matter; the State and anyone residing in it are free to murder unborn babies, and those babies don’t even get a voice to speak for them in court. This pretty much says it all regarding Colorado’s Polis (D) and the State’s Progressive-Democratic Party-controlled legislature.

But not quite. There’s this, too, in this…law:

The law prohibits state and local public entities from denying, restricting, interfering with, or discriminating against a person’s right to…have an abortion. It also bars public entities from restricting abortion due to the individual’s “potential, actual, or perceived impact on the pregnancy, the pregnancy’s outcomes, or the pregnant individual’s health.”

The persons being called upon to execute the abortion, whether private or public, are barred from refusing to do so due to that person’s religious beliefs. This Progressive-Democrat move also is a naked assault on religion and on simple conscience.