China Securities Regulatory Commission, Circular on Issues Relevant to Audit of Companies that Issue Foreign Investment Shares Listed in China

中国证券监督管理委员会关于发行境内上市外资股的公司审计有关问题的通知

November 02, 2007 | BY

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Double audit requirement of B shares cancelled.

Issued: September 12 2007

Main Contents: The Circular states that companies that issue foreign investment shares listed in China are no longer required to carry out an overseas audit at the same time when an audit is conducted by a local accounting firm with the relevant securities and futures business qualifications.

Repealed Legislation: Provisions on the requirement of overseas audit of companies that issue foreign investment shares listed in China in Article 87 of the Guidelines on Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public (No. 1): Prospectuses (2006 Revision) and Article 9 of the Guidelines on Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public (No. 2): Contents and Format of Annual Reports (2005 Revision)

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