China Says Willing to Work with U.S. on Audit Deal as Challenges Loom

China's securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote regulatory cooperation on audits and safeguard the rights and interests of global investors, Reuters reported. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting watchdog said that it found unacceptable deficiencies in audits of U.S.-listed Chinese companies. The China Securities Regulatory Commission (CSRC) was commenting a day after a U.S. accounting watchdog said that it found unacceptable deficiencies in audits of U.S.-listed Chinese companies. That access, gained after more than a decade of negotiations with Chinese authorities, kept roughly 200 China-based public companies including Alibaba and JD.Com from potentially being kicked off U.S. stock exchanges. Read more.