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US regulatory officials in China to discuss audit compliance: Report

The stand-off, if not resolved, could see Chinese companies kicked off New York bourses

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Authorities in China have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns.

Reuters
US regulatory officials have arrived in Beijing seeking to settle a long-running dispute over the auditing compliance of US-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 US Securities and Exchange Commission (SEC) added over 80 firms, including e-commerce giant JD.com and China Petroleum & Chemical Corp to the list of firms facing possible expulsion.

The talks between officials from the U.S. Public Company Accounting Oversight Board (PCAOB) and their counterparts at the China Securities Regulatory Commission (CSRC) can be described as 'late

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