Listed tech firms get relief as US and China break the ice in audit standoff

Listed tech firms get relief as US and China break the ice in audit standoff

An advertising board (L) showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, in this September 7, 2015 file photo. REUTERS/Jason Lee/Files

As many as 200 Chinese companies and their investors may breathe a sigh of relief after China and the U.S. moved Friday to resolve a years-long dispute that threatened to get the stocks kicked off American markets.

Under a preliminary agreement between regulators in the two countries, American officials will get their long-sought access to vet accounting companies based in the Chinese mainland and Hong Kong and review audit documents related to Chinese businesses.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter