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
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