China Asks US-Listed Companies To Prepare For Audit Inspections: Will That Ease Delisting Fears For BABA And Others?
The backlash recently suffered by U.S.-listed Chinese stocks is partly attributable to fears of potential delistings in the U.S. The delisting threat stems from the SEC's mandate that the companies should share their audit inspection as a precondition for continued listing in the U.S.
It now appears that Chinese authorities are working overtime to sort things out.
