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China to change confidentiality rules involving companies' offshore listings

China to change confidentiality rules involving companies' offshore listings

中国将修改涉及公司离岸上市的保密规则
reuters ·  2022/04/02 05:22  · 重磅

SHANGHAI, April 2 (Reuters) - China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to Sino-U.S. cooperation on audit oversight while putting the onus on Chinese companies to protect state secrets.

上海，4月2日(路透社)-中国周六提议修改涉及离岸上市的保密规则，消除中美审计监督合作的法律障碍，同时让中国公司承担保护国家机密的责任。

The draft rule, announced by the China Securities Regulatory Commission, is Beijing's latest attempt to resolve a long-running audit dispute with Washington that could lead to roughly 270 Chinese companies being forced to delist from U.S. exchanges in 2024.

中国证监会公布的这项规则草案，是北京方面为解决与华盛顿之间长期存在的审计纠纷而做出的最新尝试。这场纠纷可能导致约270家中国公司在2024年被迫从美国交易所退市。

China's updated rules will scrap requirements that on-site inspection of overseas-listed Chinese companies be conducted mainly by Chinese regulators.

中国的更新规定将取消对海外上市中国公司的现场检查主要由中国监管机构进行的要求。

That could open the door to inspections by U.S. regulators, who demand complete access to such firms' audit working papers, which are stored in China.

这可能会为美国监管机构的检查打开大门，美国监管机构要求完全访问这些公司的审计工作底稿，这些底稿存储在中国的数据库中。

The draft makes clear that Chinese companies are responsible for information security in overseas listings.

征求意见稿明确，中国企业对境外上市的信息安全负有责任。

(Reporting by Reuters Shanghai and Beijing newsroom; Editing by William Mallard)

(路透社上海和北京新闻编辑部报道；威廉·马拉德编辑)

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