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China Industrial Securities International Financial to appoint KPMG as auditor

China Industrial Securities International Financial Group Ltd. proposed to appoint KPMG as its new auditor, replacing Deloitte Touche Tohmatsu.

Deloitte Touche Tohmatsu will retire as the company's auditor at the end of its annual general meeting on May 6, according to a March 21 release.

The company said the proposed appointment of KMPG would align the audit arrangements between itself and its controlling shareholder Industrial Securities Co. Ltd., enhancing the efficiency of the audit services.

The appointment of KPMG is subject to approval from the company's shareholders.