China says looks forward to talks on auditing US-listed Chinese firms

The United States has long complained of lack of access to audit working papers for US-listed Chinese companies and in August threatened measures to delist Chinese firms that fail to meet its auditing requirements, before Beijing proposed a trial joint inspection of any of its state-run firms.

"It is believed the two sides will adopt an open and professional attitude to reach a consensus on a joint inspection plan and ... create a good regulatory environment for cross-border listed companies," the China Securities Regulatory Commission said in a statement.