Published on 16 Dec 2022 on Quartz via Yahoo Finance
The US accounting watchdog’s milestone ends uncertainty over Chinese firms’ stock market delisting
Cause for cheer.
Hundreds of Chinese companies have narrowly escaped the risk of being delisted from the US stock exchange.
In a milestone ending almost two decades of the two countries jousting over auditing processes, the US accounting watchdog has finally secured complete access to inspect and investigate registered public accounting firms headquartered in mainland China and Hong Kong yesterday (Dec. 15).