<p>China is proposing to let US regulators audit its state-owned enterprises (SOEs) in a concession aimed at solving their long-running accounting dispute, but would insist on redacting some information on national security grounds, <em>Bloomberg News</em> reported on Thursday.</p>.<p>The United States has long complained of lack of access to audit working papers for US-listed Chinese companies. Washington earlier this months threatened measures to delist Chinese firms that fail to meet its auditing requirements.</p>.<p>Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), told Bloomberg that CSRC this month sent the US Public Company Accounting Oversight Board (PCAOB) a fresh proposal that would allow the US to pick any of its SOEs for a trial joint inspection.</p>.<p>A previous trial inspection done jointly by Chinese and US regulators failed to yield an agreement, the article said.</p>.<p>Fang also called for direct talks with US officials, but an offer for a video or phone meeting has yet to get a response, it said.</p>.<p>Fang didn't immediately reply a request for comment.</p>.<p>Fang's remarks echoed an August 8 statement by CSRC in response to delisting calls from the Trump Administration.</p>.<p>In that statement, CSRC said it has been proposing joint accounting inspections with US regulators with a show of "total sincerity towards cooperation". CSRC also said solving the issue through dialogue is the only way toward a "win-win" situation.</p>
<p>China is proposing to let US regulators audit its state-owned enterprises (SOEs) in a concession aimed at solving their long-running accounting dispute, but would insist on redacting some information on national security grounds, <em>Bloomberg News</em> reported on Thursday.</p>.<p>The United States has long complained of lack of access to audit working papers for US-listed Chinese companies. Washington earlier this months threatened measures to delist Chinese firms that fail to meet its auditing requirements.</p>.<p>Fang Xinghai, vice chairman of the China Securities Regulatory Commission (CSRC), told Bloomberg that CSRC this month sent the US Public Company Accounting Oversight Board (PCAOB) a fresh proposal that would allow the US to pick any of its SOEs for a trial joint inspection.</p>.<p>A previous trial inspection done jointly by Chinese and US regulators failed to yield an agreement, the article said.</p>.<p>Fang also called for direct talks with US officials, but an offer for a video or phone meeting has yet to get a response, it said.</p>.<p>Fang didn't immediately reply a request for comment.</p>.<p>Fang's remarks echoed an August 8 statement by CSRC in response to delisting calls from the Trump Administration.</p>.<p>In that statement, CSRC said it has been proposing joint accounting inspections with US regulators with a show of "total sincerity towards cooperation". CSRC also said solving the issue through dialogue is the only way toward a "win-win" situation.</p>