BEIJING, Aug 20 (Reuters) - The China Securities Regulatory Commission (CSRC) said on Friday it would create conditions for China and the United States to cooperate on auditing supervision.
Washington last year threatened measures to delist Chinese firms that fail to meet its auditing requirements.
Unswervingly promote the institutional opening of the capital market ... Create conditions to promote China-US audit supervision cooperation, strengthen market communication, and stabilize policy expectations and institutional environment.
Deepen the interconnection between the Mainland and Hong Kong markets, and firmly support the stable development of the Hong Kong capital market.
-CRSC's 2021 Mid-year Supervision Conference
After announcement, China concept stocks rise after market opens on Friday. $Alibaba Group Holding Ltd(BABA.US)$ rose more than 3%, $NIO Inc.(NIO.US)$ rose 3%, $TENCENT HLD ADR(TCEHY.US)$ rose 4%.
(Reporting by Beijing Newsroom; writing by Tom Daly; Editing by Alex Richardson)
((tom.daly@thomsonreuters.com; +86 10 5669 2119;)