SEC Chair Gensler on China Audits, Paul Atkins

The transcript discusses the achievement of gaining the ability to audit Chinese companies listed in the US, a process that involved complex negotiations with Chinese authorities. This achievement is significant for US capital markets and investors. The speaker also shares advice with their presumptive successor, emphasizing the privilege of serving the American public.

What was a significant achievement regarding Chinese companies listed in the US?

• Improving their stock performance

• Reducing their number

• Gaining the ability to audit them

• Increasing their market value

Why is the audit agreement beneficial for US investors?

• It guarantees high returns

• It eliminates all risks

• It allows closer inspection of companies

• It reduces investment risks

What advice was given to Paul Atkins regarding his new role?

• Prioritize financial gains

• Use the role to benefit the American public

• Avoid making any changes

• Focus on personal achievements

Who was the first person to hire Paul Atkins into the agency?

• The current chairman

• A member of Congress

• A former commissioner

• Richard Breeden

What is the 'Formers Club' in the context of the advice given?

• A metaphor for former agency leaders

• A club for retired auditors

• A group of former investors

• An exclusive club for top executives