China Removes Key Hurdle to Allow U.S. Full Access to Audits

The transcript discusses changes in regulations affecting Chinese firms listed overseas, particularly in the US. The CSRC is considering removing a rule that required Chinese regulators to conduct on-site inspections, which could align with US laws demanding full access to auditing reports. This change is seen as positive for over 200 Chinese firms listed in the US, potentially preventing their delisting from NYSE and NASDAQ. The market reacted positively to news of a framework being developed to comply with US laws. A resolution could resume Chinese IPOs in the US, which have stalled due to recent crackdowns.

What was the old rule regarding inspections of firms listed overseas?

How does the proposed deletion of the old rule affect compliance with U.S. law?

What implications does the new framework have for Chinese firms listed in the U.S.?

What has been the impact of the ordered access issue on markets over the past two decades?

What potential outcomes could arise if a resolution is reached regarding Chinese firms in the U.S.?