China securities watchdog seeks closer cooperation with the United States

A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. - Reuters

BEIJING: China’s securities regulator said yesterday it will seek closer cooperation with its United States counterpart and will support overseas listings, after US regulators tightened disclosure for Chinese companies.

The China Securities Regulatory Commission (CSRC) said in a statement that it had taken note of the US Securities and Exchange Commission’s (SEC) new requirements for disclosure regarding Chinese companies’ listings and that the two sides should “uphold the spirit of mutual respect” and “strengthen communications on regulating China-related stocks.”