A file photo of the China Securities Regulatory Commission offices in Beijing. The CSRC has had talks with the PCAOB at least since 2012 to bridge a gap on audit oversight. Photo: Getty Images
A file photo of the China Securities Regulatory Commission offices in Beijing. The CSRC has had talks with the PCAOB at least since 2012 to bridge a gap on audit oversight. Photo: Getty Images

Chinese regulator welcomes positive PCAOB report, vows ‘audit oversight cooperation with our US counterparts in years to come’

  • Exercise underscores the importance of Hong Kong, where PCAOB spent about seven weeks going through documents and interviewing accountants
  • The market reaction was subdued on Friday, as investors had largely expected the outcome

A file photo of the China Securities Regulatory Commission offices in Beijing. The CSRC has had talks with the PCAOB at least since 2012 to bridge a gap on audit oversight. Photo: Getty Images
A file photo of the China Securities Regulatory Commission offices in Beijing. The CSRC has had talks with the PCAOB at least since 2012 to bridge a gap on audit oversight. Photo: Getty Images
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