In 2014, new regulations outlining information disclosure requirements for Chinese companies created a list of companies with abnormal operations (企业经营异常名录). The list includes companies that have failed to comply with information disclosure requirements.

There are four circumstances under which a company would be added to the list:

  1. Failure to publicize annual reports within the prescribed time frame;
  2. Failure to publicize other required information within the prescribed time frame;
  3. Publicized information conceals facts or involves falsification;
  4. Failure to contact the company at its publicized registered address.

PSA’s brief on this topic explains the compliance implications of a third party’s inclusion on this list.

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