US Renews Audits of China Firms

The PCAOB officials are visiting Hong Kong for the second consecutive year to inspect high-profile Chinese companies listed in the US. This visit is part of a deal between China and the US to ensure routine inspections, which could ease fears of Chinese stocks being delisted from the New York market. However, the success of these inspections depends on the access granted to audit officials. The visit coincides with Jenny Yellen's trip to Beijing, highlighting China's sensitivity to information and its impact on foreign consultancies.

What is the significance of PCAOB officials returning to Hong Kong for inspections?

• It suggests a decrease in Chinese stock values.

• It shows a commitment to the US-China agreement.

• It implies a new trade deal between the US and China.

• It indicates a breakdown in US-China relations.

How does the PCAOB inspection affect the risk of Chinese stocks being delisted from the New York market?

• It reduces the risk considerably.

• It has no impact on the risk.

• It makes delisting inevitable.

• It increases the risk significantly.

What is a key factor that the PCAOB stresses during inspections?

• The market share of the companies.

• The number of employees in the companies.

• The open and free access to audit documents.

• The financial performance of companies.

What broader issue is highlighted by Janet Yellen's visit to Beijing?

• The rise of Chinese technology companies.

• The decline of foreign investments in China.

• The sensitivity of China regarding information sharing.

• The increase in US exports to China.

What is one of the concerns related to Beijing's pressure on foreign consultancies?

• The increase in consultancy fees.

• The lack of qualified consultants.

• The protection of sensitive information.

• The expansion of consultancy services.