Chinese regulators have told some of the country’s US-listed firms, including Alibaba, Baidu and JD.com, to prepare for more audit disclosures, sources have claimed, as Beijing steps up efforts to ensure its domestic companies can remain listed in New York.
This comes as China’s regulators are reportedly considering a proposal to allow their US counterparts to inspect the audit working papers of some Chinese firms that do not gather sensitive data.
Learn more : China Seen Asking US-Listed Firms to Prepare For Audits
