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
The popular video-sharing app’s owner will be told to sell its stake in nine months…
Investors were in optimistic mood on Wednesday as technology shares led the charge amid easing…
Prosecutors say Zhao, who faces sentencing in a Seattle court next week, should serve 36…
PricewaterhouseCoopers, one of the Big Four auditors, had been Evergrande’s auditor since 2009, when the…
The island has now been hit by more than 1,000 aftershocks following the deadly April…
Huawei looks set to become the No-1 smartphone seller in China this year, backed by…