A landmark review of audits of companies facing US delisting is coming to an end, with a report expected as soon as year’s end
A team of US regulators is in the final stages of discussions with two Hong Kong accounting firms regarding their audits of mainland Chinese companies facing possible delisting from US exchanges, according to two sources familiar with the situation.
This indicates the unprecedented review is nearing its end, and a report may come as soon as the end of this year, potentially deciding the fate of about 168 US-listed mainland firms.
Similar to $BABA-SW(09988.HK$ , after the secondary listing in Hong Kong, $ZAI LAB(09688.HK$ and $BILIBILI-W(09626.HK$ applied for dual listing. The former completed the conversion in June this year. Since the implementation of the new listing rules of Hong Kong Stock Exchange in 2018, according to incomplete statistics, another 8 Chinese stocks have completed dual major listings in the US and Hong Kong stocks.
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whqqq : I thought it would probably pass the audit, but now I see some bad news...