Plan revises listing confidentiality rules

China has announced a plan to revise confidentiality rules for Chinese companies listing overseas,

paving the way for China-US cooperation on auditing supervision.

The draft rules mark the country’s latest move to resolve differences and overcome problems for China-US cooperation and keep the channel of overseas listings open, experts said.

The revisions to the existing rules, which were last updated in 2009, will provide clearer guidelines for confidentiality and archives management for overseas listings. It will also facilitate cross-border regulatory cooperation, including joint inspections, which will safeguard the rights and interests of global investors.

The draft rules have been put online until April 17 for public input.