The China Securities Regulatory Commission announced on August 26 that the China Securities Regulatory Commission, the Ministry of Finance and the US public company accounting supervision board (PCAOB) signed an audit supervision cooperation agreement, and will launch relevant cooperation matters in the near future. This marks an important step taken by the regulatory authorities of China and the United States to address the common concern of audit and regulatory cooperation< Br > < div class = "height" > < / div > promoting cross-border audit and regulatory cooperation in accordance with the law and realizing their respective regulatory needs under the premise of abiding by the laws of both parties have positive significance for improving the practice quality of accounting firms and protecting the legitimate rights and interests of investors, and also help create a good regulatory environment for enterprises to carry out cross-border listing activities in accordance with the law. Promoting cross-border audit and regulatory cooperation in accordance with the law and maintaining smooth channels for overseas listing of enterprises are beneficial to the capital markets of the two countries, listed companies and global investors. It is a win-win choice< br>