US regulator warns against switching auditors to avoid Chinese trading bans

US regulator warns against switching auditors to avoid Chinese trading bans

A Chinese national flag flutters near the building of China Securities Regulatory Commission (CSRC) at the Financial Street area in Beijing, China July 16, 2020. REUTERS/Tingshu Wang/Files

US accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential trading bans risk breaching US rules, the US Securities and Exchange Commission (SEC) warned on Tuesday.

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