US-China Talks on Delistings Advance With Reports of Inspections

US-China Talks on Delistings Advance With Reports of Inspections

Assessment

Interactive Video

Business

University

Hard

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The video discusses a significant development where Chinese regulators may allow audit papers to be reviewed in Hong Kong, potentially easing fears of mass delisting of Chinese companies from U.S. exchanges. This move could address the SEC's concerns, as a 2024 deadline looms for audit compliance. Companies like Alibaba have already sought dual listings in Hong Kong. The situation remains unconfirmed, but economic pressures on both countries might drive a resolution.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the role of the PCAOB in the context of the auditing papers being brought to Hong Kong?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential implications if the Chinese companies provide their auditing papers as expected?

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