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EY says firms in war on graf

Le 15 juin 2017, 05:33 dans Humeurs 0

Chinese companies are tightening up their compliancy rules, and cracking down on bribery and corruption.

 

Stamping out "graft" has become a major priority for businesses here in the past two years, according to Emmanuel Vignal, head of Fraud Investigation & Dispute Services Department at EY in China.

 

"There is greater awareness about unethical and illegal behaviors," he said.

 

Vignal's comments came after a survey by global accounting giant EY, formerly known as Ernst & Young, revealed that awareness of bribery and corruption in the Asia-Pacific region had nearly doubled in the past four years.

 

The findings showed that 63 percent of employees polled at large companies believed corrupt practices "happened widely". The study covered 14 markets in the Asia Pacific, including China and India.

 

In 2013, the figure was just 32 percent, according to EY, one of the "Big Four" accounting firms based in London. Even in 2015, it was only 60 percent.

 

China is making vast inroads into tackling the problem.

 

Zhong Xue, a compliance professional with the Shanghai Pudong Development Bank, felt stamping out "graft" had become a major priority for business.

 

"My personal understanding is that compliance is now no longer considered a costly add-on to business but a vital function in reducing risks," Zhong said. "This is an important part of maintaining a company's reputation and securing business as well as retaining talent.

 

"For compliance professionals this means more workload and more resources."

 

Still, corruption problems persist in the wider Asia-Pacific region, the EY poll of 1,698 employees at large companies showed.

 

Financial institutions have come under close scrutiny from regulators and are now pursuing tougher compliancy rules. But the survey pointed out that other companies need to do more to expose corrupt practices.

 

"Regulators expect financial institutions to be responsible for maintaining a robust anti-money laundering policy and a sanctions compliance program for their entire operation," said Manhim Yu, a partner in Fraud Investigation & Dispute Services Department at EY in Hong Kong.

 

"As such, financial institutions must ensure their outsourcing vendors maintain the same anti-money laundering compliance control standards as the financial institutions themselves."

HNA in $2.21 billion deal to buy NYC office tower

Le 22 mars 2017, 04:15 dans Humeurs 0

 

People look at the Manhattan skyline from the One World Trade Center tower in New York. HNA Group Co is reported to be acquiring a 158,000-square-meter office tower in central Manhattan. [Photo/Agencies]

 

NEW YORK-Chinese conglomerate HNA Group Co is leading a deal to acquire Manhattan's 245 Park Avenue for $2.21 billion, one of the highest prices ever paid for a New York skyscraper, two people with knowledge of the negotiations said Polar M600.

HNA may be involved with at least one partner on the purchase, said the people, who asked not to be named. The 158,000-square-meter office tower, with tenants including JPMorgan Chase & Co, is being sold by Brookfield Property Partners LP and its 49 percent partner in the property-the New York State Teachers' Retirement System.

 

The deal, should it be completed, would bring Chinese ownership to the heart of midtown Manhattan's financial core: the towers located just north of Grand Central Terminal along Park Avenue. JPMorgan's principal executive office is at 270 Park, diagonally across East 47th Street from 245 Park Polar.

 

Clement Wei, a spokesman for HNA, did not reply to an email.

 

HNA has made a string of acquisitions lately, totaling more than $30 billion since last year, according to data compiled by Bloomberg. Its targets have included hotel operator Hilton Worldwide Holdings Inc, technology firm Ingram Micro Inc, asset manager SkyBridge Capital and earlier this month the company that runs Caijing magazine's website polar m200

 

 

Everything has its own arrangements

Le 3 novembre 2016, 04:21 dans Humeurs 0

A church in northern Europe, there is a crucified Jesus on the portrait, size, and most people almost.

 

Because of responsive, so a special trip to come here to pray, worship a particularly large number of people, almost can be described as crowds.

 

There was a janitor in the church, watching Jesus on the cross every day to meet the demands of so many people, feel in the heart can not bear, he hopes to share the hard work of Jesus.

 

One day when he prayed, he showed this desire to Jesus.

 

Accidentally, he heard a voice saying, "Okay, I'll come down and do the work for you, and you will come to crucify you, but no matter what you see or hear, you can not say a word."

 

This gentleman thinks, this request is very simple. And when Jesus came down, the door-attender went up to the place where Jesus had been crucified, and his portrait was carved almost like a real man, so that the people who came to worship did not doubt him, and, according to the previous agreement, Silence, listen to the voice of the faithful.

 

The stream of people coming and going, their prayer, there is a reasonable, unreasonable, strange. But in any case, he was forced down and did not speak, because he must abide by the previous commitments.

 

One day a wealthy businessman, when the wealthy prayer, even forget the money on hand to leave. He looked in the eyes, really want to call the wealthy back, but he can not say.

 

Then came a poor man who did not eat, and he prayed that Jesus could help it through the difficulties of life. When you want to leave, they found that the wealthy businessmen left the bag, open, which is all money. The poor were very happy, Jesus good, responsive, very grateful to leave dermes.

 

Jesus, disguised on the cross, looks in the eye and wants to tell him that this is not yours. However, the agreement earlier, he still simmering can not say.

 

Then there came a young man who was about to go out to sea, and he came to pray that Jesus would give him peace. Just to leave, the wealthy rushed in, to seize the young man's skirt, to young people pay back the money, the young people do not understand the rationale, the two quarreled.

 

This time, the cross on the disguise of Jesus finally could not help, then spoke up ...

 

Since it was clear, the wealthy went to the poor described by the counterfeit Jesus, and the young man hurried away for fear that he would not get on board.

 

Jesus, disguised as a gatekeeper, appeared on the cross and said, "Come down, you are not qualified for that position dermes vs medilase."

 

The janitor said, "Am I telling the truth and doing justice? Is it not right?"

 

Jesus said, "What do you know? The wealthy man is not short of money, but his bag of money is used for prostitution, but to the poor he is able to save a large and small livelihood. The most miserable is the young man, He had been able to keep his life, and now he was sinking into the sea, "he said.

 

This is a fable that sounds like a joke, but revealed:

 

In real life, we often think that how is the best, but counterproductive, so that we can not Ping, we must believe that: we have, regardless of good times, adversity, are the best of our arrangements company registry hong kong.

 

If so, we can Thanksgiving in the good times, still adore in adversity, the life of things, there is no perfect. However, we should seriously live in the moment.

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