China’s securities watchdog called for faster implementation of a new rule surrounding overseas listings that may remove a hurdle for U.S. regulators seeking access to the auditing papers of Chinese firms listed in New York.
China will keep the overseas listing channel open and support companies seeking to utilize both domestic and foreign markets in compliance with existing laws and regulations, Yi Huiman, chairman of the China Securities Regulatory Commission, said in a
CSRC is studying new measures to open up China’s financial markets, including expanding the list of stocks covered by the stock connect with Hong Kong, Yi said. The commission aims to help make the global regulatory environment more predictable, and encourage greater cooperation between U.S. and Chinese auditing authorities, he said.
The securities regulator earlier this month
