Geng Shuang s response to the US Secretary of state s warning against Chinese enterprises financial fraud

category:Finance
 Geng Shuang s response to the US Secretary of state s warning against Chinese enterprises financial fraud


Geng Shuang said that its true that there have been some financial frauds in individual Chinese companies recently, but it cant fully represent all Chinese companies listed in the United States. Geng Shuang further said that the recent comments and practices of the US side against Chinese companies are obviously biased. In fact, the regulators of China and the United States have carried out a number of cooperation in the field of audit supervision of cross-border listed companies. The fact is that the US regulators are not willing to solve the problem. What the US has said and done against China is a political manipulation of regulatory issues. Forcing Chinese companies to delist with the US will seriously damage the interests of US investors, Geng said Geng Shuang said that we expect the U.S. side to show its sincerity in solving the problem, solve the differences in an equal and cooperative way in accordance with the international practice of cross-border audit supervision, and truly protect the interests of investors. Source: Global Times - global network editor in charge: Chen Hequn_ NB12679

Geng Shuang said that its true that there have been some financial frauds in individual Chinese companies recently, but it cant fully represent all Chinese companies listed in the United States. Geng Shuang further said that the recent comments and practices of the US side against Chinese companies are obviously biased.

In fact, the regulators of China and the United States have carried out a number of cooperation in the field of audit supervision of cross-border listed companies. The fact is that the US regulators are not willing to solve the problem. What the US has said and done against China is a political manipulation of regulatory issues. Forcing Chinese companies to delist with the US will seriously damage the interests of US investors, Geng said