Published: 17:53, August 1, 2021 | Updated: 17:53, August 1, 2021
China for more communication with US on IPO supervision
By Xinhua

This undated photo shows the China Securities Regulatory Commission in Beijing, China. (PHOTO / CHINA DAILY)

BEIJING - The US and Chinese regulators should enhance communication on the supervision of China concept stocks and work out proper solutions, the China Securities Regulatory Commission (CSRC) said Sunday.

ALSO READ: Mainland vaping firm seeks up to US$1.2b in US IPO

These efforts, in the spirit of mutual respect and win-win cooperation, should help create positive expectations for policies and foster a sound institutional environment for the market, said the CSRC.

A CSRC spokesperson made the remarks when commenting on the recent statement of the US Securities and Exchange Commission requiring Chinese companies seeking listings in the United States to disclose more information.

READ MORE: As US tightens scrutiny of IPOs, Chinese firms must tread carefully

It is an inevitable choice to strengthen regulatory cooperation between the Chinese and US capital markets, both important markets in the world and increasingly interconnected, the spokesperson noted.