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 .
Foreign auditing firms will have to appoint a Chinese national as their chief partner in China . The regulations aim at localising mainland operations of foreign auditing firms and limiting controversy . Over the past years , China saw fraud allegations against Chinese companies listed in overseas markets .