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CSRC names new head of international affairs department

The China Securities Regulatory Commission (CSRC) has appointed a new head for its department that leads talks aimed at resolving a lengthy US-China dispute over company auditing, and also has oversight of Chinese companies’ offshore listings. Huo Ruirong has been appointed director-general of the international affairs department at the CSRC. The department has been leading negotiations for a deal between China and the United States to end an auditing dispute which has been hanging over New York-listed Chinese firms for more than a decade. Huo previously worked as general manager of China Financial Futures Exchange and is expected to start at the new post on Monday. He replaces former international department head Shen Bing, who completed his four-year term in mid-October and has now been named as director-general at the CSRC’s department of fund and intermediary supervision.

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