Asia Pacific: Paying for secrecy.

The article reports on strict state secrecy laws and regulations in China built around country's financial institutions. Topics discussed include uncooperative attitude of China banks in a U.S litigation, banks' claim that they are not subject to US jurisdiction and root of conflicts between the U.S Securities and Exchange Commission and the four accounting firm that violated the Sarbanes-Oxley Act by refusing to hand over work papers.