China Calls for Talks With U.S. on Spat Over Stock Listings

The video discusses the financial cooperation between the US and China, highlighting the benefits for both sides, such as increased returns for US investors and improved corporate governance for Chinese companies. It addresses the challenges in auditing Chinese companies listed in the US, focusing on the dispute over access to auditing documents due to national security concerns. Efforts to resolve these issues include proposals from China to allow direct submission of auditing papers, which were rejected by the PCAOB. The video concludes with the current status and future steps to ensure effective auditing while protecting sensitive information.

What is one of the main benefits for US investors in Chinese companies listed in the US?

• Higher returns than the average market

• Tax benefits

• Reduced investment risk

• Access to Chinese markets

What issue does the PCAOB face when auditing Chinese companies in the US?

• Language barriers

• Inability to access necessary documents

• High auditing costs

• Lack of qualified auditors

What was the main issue with Luckin Coffee that highlighted auditing challenges?

• Tax evasion

• Environmental violations

• Inflated revenue reports

• Unethical labor practices

What is the CSRC's stance on PCAOB's right to inspect auditing papers?

• They only allow it for certain companies

• They are indifferent

• They agree and want to facilitate it

• They oppose it completely

Why is there a concern about national security in auditing some Chinese companies?

• They are state-owned enterprises

• They have military-related operations

• They are involved in international trade

• They have foreign investors

What was the PCAOB's response to the CSRC's proposal regarding auditing papers?

• They partially accepted it

• They ignored the proposal

• They rejected it due to pre-approval requirements

• They accepted it without changes

Which type of companies have been audited without national security concerns?

• Technology companies

• Real estate and general manufacturing firms

• Financial institutions

• Telecommunication companies