Financials Dec 05, 2021 05:29 PM (GMT+8)
According to the news on the website of the CSRC on December 5, when answering a reporter's question, a spokesman for the CSRC said that recently, some media reported that China's regulatory authorities would prohibit agreement control (VIE) structure enterprises from listing abroad and promote the delisting of Chinese enterprises listed in the United States, which is a complete misunderstanding and misreading. In terms of China US audit supervision cooperation, recently, CSRC has had frank and constructive communication with the US SEC, the US public company accounting supervision board (PCAOB) and other regulatory agencies on solving the problems existing in the cooperation, and has made positive progress in promoting cooperation on some key issues. We believe that as long as the regulatory authorities of both sides continue to carry out dialogue and consultation based on the principles of mutual respect, rationality, pragmatism and professional mutual trust, they will be able to find a cooperation path acceptable to both sides.
This text is a result of machine translation.