(Reuters) – China’s securities watchdog said it is ready to turn over audit documents of a Chinese company listed in the United States to U.S. regulators, signaling a second breakthrough in a two-year international dispute over accounting scandals.
The U.S. Securities and Exchange Commission (SEC) has been struggling to get papers out of China to investigate possible accounting fraud at dozens of Chinese companies listed on U.S. stock exchanges. China, for years, has resisted turning over documents because of state secrets and sovereignty concerns.
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Samuel Shen and Dena Aubin, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/E4Mm0o2bwgg/
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