Talks between Beijing and Washington to avoid delisting regarding 200 Chinese companies from New York stock exchanges are accelerating, with a plan to allow US inspectors to travel to Hong Kong To review auditing documents Chinese companies.
Chinese regulators have instructed major accounting firms to prepare to bring audit papers of Chinese companies listed in the United States to Hong Kong, where they can be reviewed by the Public Company Accounting Oversight Board, according to a person who requested anonymity due to the privacy of the discussions.
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The talks, which are still ongoing, might lead to significant progress in the years-long standoff over inspections required for all US-traded companies.
Work is in full swing to avoid a deadline imposed by Congress in 2024 to fire companies that do not comply with the rules of the New York Stock Exchange and Nasdaq.
