China’s SEC olive branch is sturdier than it looks

China plans to remove legal hurdle to Sino-U.S. audit cooperation, reports Reuters. Earlier, petesweeneypro's argued that both sides could benefit if Beijing offered an olive branch

The China Securities Regulatory Commission said on Nov. 20 it looked forward to holding discussions with its U.S. counterparts as soon as possible on “specific plans” to conduct joint inspections of Chinese firms listed in the United States.

CSRC officials made the comment in response to questions from reporters regarding audit oversight cooperation with the United States.U.S. and Chinese flags are seen before Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon in Arlington, Virginia, U.S., November 9, 2018.

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