Foreign auditing firms will have to appoint a Chinese national as their chief partner in China . The new rules are part of the government's efforts to improve relations with foreign companies and strengthen its position on global markets. Nevertheless , the restructuring will pose a challenge for foreign firms . Over the past years , China saw fraud allegations against Chinese companies listed in overseas markets .
Foreign auditing firms will have to appoint a Chinese national as their chief partner in China . The new rules are part of the government's efforts to improve relations with foreign companies and strengthen its position on global markets. Over the past years , China saw fraud allegations against Chinese companies listed in overseas markets .