China Tells Domestic Companies to Favor Chinese Auditors
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China has told domestic companies that they should give priority to using Chinese accounting firms to safeguard the country’s “economic information.”
Companies listed overseas, those involved in finance, energy, communications and military industries as well as large state-owned companies involved in “people’s livelihood” should choose large domestic auditors, the Ministry of Finance said in a notice posted on its website yesterday and dated June 16.