Delisting risk for U.S.-listed Chinese stocks nearly halves after regulators reach audit agreement, Goldman says
The China Securities Regulatory Commission and U.S. Public Company Accounting Oversight Board announced Friday both sides signed an agreement for cooperation on inspecting the audit work papers of U.S.- listed Chinese companies. Pictured here is the CSRC building in Beijing in 2020. Emmanuel Wong | Getty Images News | Getty Images BEIJING — The risk of Chinese stocks delisting from U.S. exchanges has nearly halved after regulators reached an audit agreement, Goldman Sachs analysts said in a report Monday. The China Securities Regulatory Commission and U.S. Public Company Accounting Oversight Board announced Friday that both sides signed an agreement for cooperation on inspecting the audit work papers of U.S.- listed Chinese companies. China's Ministry of Finance also signed the agreement. "This is no doubt a regulatory breakthrough ," Goldman Sachs' Kinger Lau and a team said, while cautioning that much uncertainty remains. They pointed out the PCAOB said the deal wa...