SEC’s Gensler Casts Doubt on Prospects for China Audit Deal

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WASHINGTON—Securities and Alternate Fee Chairman Gary Gensler expressed doubt Wednesday that negotiators in Washington and Beijing will attain an settlement over audits that’s obligatory to forestall Chinese language corporations from being delisted by U.S. inventory exchanges.

Talks between the 2 nations had intensified in recent months forward of a looming deadline for American regulators to realize entry to Chinese language corporations’ audit papers as required underneath U.S. legislation. Chinese language authorities had turn out to be vocal in latest months about their want to keep away from the delisting consequence of lacking the deadline, which was imposed by the U.S. Holding Foreign Companies Accountable Act of 2020.

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