Special-purpose legal entity and investment vehicle
A variable interest entity (VIE) is a legal structure defined by the Financial Accounting Standards Board (FASB) for situations where control over a legal entity may be demonstrated through means other than voting rights. A public company with a financial interest in such entities may be subject to certain financial reporting requirements.
VIEs gained notoriety in the early 2000's due to their role in the Enron scandal, where the company used special-purpose entities to hide mounting losses from investors.[1][2] VIEs have also been employed by Chinese companies, such as Alibaba, to circumvent Chinese government regulations that restrict foreign ownership of certain assets and industries, thus gaining access to foreign capital.[1]
VIEs have faced criticism for their lack of transparency and limited rights provided to foreign investors, with some experts calling for the banning of future listings and delisting of existing Chinese companies using VIEs.[3]
^ abCite error: The named reference ft.c_Tell was invoked but never defined (see the help page).
^Gillis, Paul L.; Oqvist, Fredrik (13 March 2019). "Variable Interest Entities in China" (PDF). GMT Research. Retrieved 17 December 2021.
^Cite error: The named reference wsj._Opinion was invoked but never defined (see the help page).
and 24 Related for: Variable interest entity information
A variableinterestentity (VIE) is a legal structure defined by the Financial Accounting Standards Board (FASB) for situations where control over a legal...
six years later. In 2005, Yahoo! invested in Alibaba through a variableinterestentity (VIE) structure, buying a 40% stake in the company for US$1 billion...
Integral Edition, the complete works of author Jack Vance Variableinterestentity, a type of legal entity in finance and investment Virgin Interactive Entertainment...
American company. Sohu has been listed on NASDAQ since 2000 through a variableinterestentity (VIE) based in Delaware. Sohu's Sogou.com search engine was in...
FIN 46, Consolidation of VariableInterestEntities, was an interpretation of United States Generally Accepted Accounting Principles (U.S. GAAP) published...
grouping the articles. Baidu went public on Wall Street through a variableinterestentity (VIE) based in the Cayman Islands on 5 August 2005. On 31 July...
Accounting Principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the...
Mega Stand International Limited in November 2007, adopting a variableinterestentity (VIE) structure. The company changed its corporate name to Daqo...
Cross-Border Inter-Bank Payments System Ownership is through a VariableInterestEntity (V.I.E.) structure, which was created in 2000, to circumvent Chinese...
Limited, Dalian Fusheng Petrochemical Company ("Fusheng"), Fusheng's variableinterestentity, and Xing Yuan. The company's subsidiary, Xing Yuan, founded in...
listing on the Nasdaq stock market on 13 April 2000, through a variableinterestentity (VIE) based in the Cayman Islands, followed by NetEase and Sohu...
manager of JD.com. Jingdong Bangneng was listed as a consolidated variableinterestentity of JD.com The stake of the company was 80% owned by Jack Ma, but...
needed] He overcame this challenge by establishing Sina as a VIE (VariableInterestEntity) company, which cleared the way for a successful listing in the...
or any two states of interest. A collective variable is as the name states only a set, a collection, of individual variables (xi) contracted into one:...
Limited, was the Chinese subsidiary, further divided into the variableinterestentity Beijing FAB Culture Media Company, Limited, and Beijing FAB Digital...
with "rates" or "rates of flow". A stock (or "level variable") in this broader sense is some entity that is accumulated over time by inflows and/or depleted...
another entity or a document which authorizes the agent so to act Proxy (climate), a measured variable used to infer the value of a variable of interest in...
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other...
requirements. Interest: Interest may be fixed for the life of the loan or variable, and change at certain pre-defined periods; the interest rate can also...
to measure, per period, rates of return on money invested in an economic entity in order to decide whether or not to undertake an investment. It is also...
possibility and necessity. Of special interest is the concept of ontological dependence, which determines whether the entities of a category exist on the most...
universal set, or simply universe, is the set of entities over which certain variables of interest in some formal treatment may range. The domain of...
asset sale activities RC-T—Fiduciary and related services RC-V—Variableinterestentities SU—Supplemental Information (FFIEC 051-only) Optional narrative...
Global Information