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8/1, 12:56 PM (Source: TeleTrader)
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China wants cooperation with US on overseas listings

The China Securities Regulatory Commission (CSRC) stated on Sunday that it wants to "strengthen communication" with the United States Securities and Exchange Commission (SEC) concerning the regulation of US-listed Chinese companies.

A CSRC spokesperson added that the Chinese regulator also took note of the SEC's new decision to seek specific disclosures from China-based companies before their registration in the US.

"We support companies' choices between international and domestic markets in line with laws and regulations," the spokesperson explained.

Breaking the News / MS