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US-China Talks on Delisting Stocks Hinge on Redacted Audits (1)

July 8, 2022, 3:44 PM

US and Chinese officials have held calls in the past week to further negotiations aimed at keeping about 200 Chinese stocks from losing their listings on New York exchanges, and redactions in auditors’ documents are a key barrier.

Talks are reaching a critical point as a deadline to resolve the matter closes in. While regulators from the two countries and their staff are continuing to refine a draft agreement -- between the US Public Company Accounting Oversight Board and the China Securities Regulatory Commission and Ministry of Finance -- sticking points remain, according to people familiar with the matter.

The ...