BEIJING, Nov. 20 (Xinhua) -- The China Securities Regulatory Commission has stressed promoting Sino-U.S. audit oversight cooperation to jointly create a favorable regulatory environment for cross-border listed enterprises.
"Our consistent position is to carry out the inspection of accounting firms through the cooperation mechanism of cross-border oversight," said the top securities watchdog when asked to comment on media reports about the U.S. Securities and Exchange Commission's move regarding audit oversight concerning Chinese companies listed on major U.S. stock exchanges.