(Beijing Comprehensive News) Fang Xinghai, vice chairman of the China Securities Supervision and Administration Commission, said that the CSRC will adhere to the requirements of "open, clear, and control", implement the audit supervision and cooperation agreement between China -US cross -border listed companies, Strengthen communication with overseas investors.
According to the "China Securities Regulatory Commission's release" WeChat public account Friday (September 2), Fang Xinghai delivered a speech at the China International Financial Annual Forum held in Beijing that day, saying that China and the United States have successfully reached a cooperation agreement to list for Chinese companies to go public in the United States.It has taken an important step in removing many years of obstacles.The CSRC will implement the content of the agreement and build an expected international regulatory environment for the opening of the capital market.
Fang Xinghai said that the China Securities Regulatory Commission will launch more powerful and in -depth open measures, promote the new regulations legislative procedures, put the overseas marketing of Chinese companies on a unified regulatory framework, and do a good job of supporting the rules after the reform and implementation.The China Securities Regulatory Commission will further strengthen the supervision capabilities and construction risk prevention capabilities in the open environment to maintain the smooth operation of the capital market; continue to strengthen communication with overseas investors, improve the convenience of investment in A -share investment, and enhance the confidence of foreign investment in the Chinese market.
Fang Xinghai also mentioned that the CSRC will strengthen the cooperation of capital market in mainland China and Hong Kong. By incorporating more eligible stocks in Hong Kong and listed companies in Hong Kong and Shanghai -Shenzhen -Shenzhen -listed companies, it will expand the Shanghai -Shenzhen -Hong Kong Stock Connect.The status of international financial centers.
China and the United States reached and signed a audit supervision cooperation agreement on Friday (August 26) to allow US regulators to review the financial audit of mainland China and Hong Kong in the United States in the United States. This will resolve more than 200 China.The company was forced to delist from the United States.
However, according to Bloomberg, the United States Republican senator Rick Scott and Democratic Senator Chris Van Hollen jointly launched a bill on Thursday, asking the US regulatory agency to strengthen the review of the shares in the review to achieve the realization of the review.Mutable interest entities (VIE) established in the United States (VIE).
Scott's office said that under the new bill, the US Securities and Exchange Commission (SEC) will request US stock code to clearly indicate the correspondence between these shares and the VIE companies; the brokers must also provide risk warning labelsIt is clear that investors may face legal obstacles after investing in the shell company.
It is reported that although it has been effective from the formal legislation of this bill, it shows that US officials still try to force Chinese companies to disclose more information to American investors.
