US regulators have travelled to mainland China to discuss a potential compromise over audit disclosures that could stop around 270 Chinese companies from being delisted by New York exchanges, according to two people close to the matter.
The trip by officials from the Public Company Accounting Oversight Board is an attempt to settle a stand-off between the US and China over access to audit documents of Chinese companies listed in the US.
The tensions have hammered investor confidence in Chinese companies. A senior executive at a large investor in China said: “There has to be a solution or the US capital market will be closed to Chinese firms for good.”