Caixin OnlineFinance & EconomicsTop Stories Finance Watchdogs Growl over Concept-Stock Probes
06.11.2012 13:15

Watchdogs Growl over Concept-Stock Probes

Beijing securities regulators are refusing to help U.S. counterparts investigate fraud charges against U.S.-listed Chinese firms
By staff reporters Shen Hu, Zheng Fei, Lu Yuan and Washington correspondent Zhang Tao

(Beijing) – It appears to be dawning on officials at the U.S. Securities and Exchange Commission (SEC) that cooperative, cross-border financial investigations are completely foreign to China.

Washington's regulators have been trying since late 2010 to gather information that could help them probe fraud allegations involving so-called Chinese concept stocks listed on American exchanges.

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