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https://cnevpost.com/2021/12/05/chinese-securities-regulator-says-it-recently-had-constructive-communication-with-us-sec-pcaob/

Some excerpts

"Recently, individual media reports that Chinese regulators will prohibit companies with variable interest entity (VIE) structures from listing abroad and promote the delisting of Chinese companies listed in the US are completely misunderstood and misinterpreted," the statement said.

"We leaned that some domestic companies are actively communicating with domestic and foreign regulatory agencies to promote listing in the United States," according to the statement.

"We believe that as long as regulators on both sides continue to uphold this principle of mutual respect, rationality, pragmatism and professional mutual trust in conducting dialogue and consultation, we will be able to find a mutually acceptable path of cooperation," according to the statement.

In fact, China and the US have been cooperating in the field of audit and supervision of China concept stocks, and had also explored effective ways of cooperation through pilot inspections, laying a better foundation for cooperation between the two sides.

However, some US political forces have politicized capital market regulation in recent years, suppressing Chinese companies listed in the US for no apparent reason and coercing Chinese companies to delist, which is not only contrary to the basic principles of market economy and the concept of the rule of law, but also damages the interests of global investors and the international status of the US capital market, the statement said.

"This is a 'multi-loss' approach that will benefit no one," the statement said.



Submitted December 05, 2021 at 07:54AM by futureIsYes https://ift.tt/31xo3Qa

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