Washington and Beijing reached an settlement for U.S. accounting regulators to inspect China-based audits, laying the groundwork for a monthslong course of that might forestall quite a few Chinese language firms from being booted off American inventory exchanges.
The deal, which was negotiated over many months, comes after a decadelong standoff between regulators within the two nations over the audit working papers of New York-listed Chinese language firms. It seems to mark a uncommon concession from Beijing at a time when the U.S. and China are locked in disagreements over points corresponding to commerce and human rights.
