China vows measures to safeguard firms after US SEC move

BEIJING, June 5 (Reuters) - China will take necessary measures to firmly safeguard lawful and legitimate rights of Chinese companies, its foreign ministry spokesperson said in response to U.S. securities regulator toughening rules for foreign companies.

U.S. Securities and Exchange Commission voted unanimously to call for public comment on possible new regulations for foreign companies, saying many Chinese firms in particular unduly benefited from having to make fewer regular disclosures to investors.

The U.S. should abide by market regulation and fair competition, the ministry spokesperson Lin Jian told a regular news conference on Thursday.