US and China announce a deal to share audits of US-listed Chinese companies like Alibaba; US says it is preparing to begin audits in Hong Kong by mid-September (New York Times)
New York Times:
US and China announce a deal to share audits of US-listed Chinese companies like Alibaba; US says it is preparing to begin audits in Hong Kong by mid-September — The agreement could prevent Chinese companies from having to depart U.S. stock exchanges, but U.S. officials remain wary of whether China will fulfill its terms.
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