US regulatory officials are in China for audit deal talks

Beijing, China. Photo by zhang kaiyv on Unsplash

U.S. regulatory officials have arrived in Beijing seeking to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms, three people familiar with the matter told Reuters.

The stand-off, if not resolved, could see Chinese firms kicked off New York bourses. This week the U.S. Securities and Exchange Commission (SEC) added over 80 firms, including e-commerce giant and China Petroleum & Chemical Corp to the list of companies facing possible expulsion.

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