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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