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China Plans Audit Concession Over US Delisting Threat – FT


Nasdaq
China stocks delisting from the US would put $1.1 trillion of American investments at risk. Photo: Reuters.

 

Beijing is preparing to make a concession on the disclosure of Chinese audit information in an effort to resolve an impasse threatening more than $2tn of shares in US-listed Chinese companies, the Financial Times has reported.

The move could result in some Chinese companies listed in the US providing some audit information to US accounting regulators, according to sources. The move comes a week after the Securities and Exchange Commission threatened to delist some Chinese companies from US exchanges, prompting a sharp fall in Chinese tech stocks.

Full story: Financial Times

 

Read more:

Hope of US Audit Deal for Chinese Stocks After Delisting Threat Sparks Selloff

25 Chinese Stocks On The Brink Of Delisting From The US

In Numbers: Possible Impact of China Stocks Delistings

 

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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