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HK regulator to view audits of mainland firms

The Ministry of Finance, the China Securities Regulatory Commission, and the Securities and Futures Commission in Hong Kong agreed on Wednesday to allow the SFC to view audit records of mainland companies listed in Hong Kong. The audited working papers are provided by Hong Kong accounting firms. The agreement is part of the regulation cooperation mechanism between the mainland and Hong Kong, which aims to protect investors in both onshore and offshore markets and to promote the healthy development of the accounting profession, a statement on the Ministry of Finance website said.

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