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China Weighs Giving U.S. Full Access to Audits of Most Firms

  • Some SOEs, data-sensitive private firms face delisting: people
  • SEC chief doubts imminent deal with the CSRC on audit talks
Signage near JD.com Inc.'s offices in Shanghai.

Signage near JD.com Inc.'s offices in Shanghai.

Photographer: Qilai Shen/Bloomberg
Updated on

Chinese authorities are preparing to give U.S. regulators full access to auditing reports of the majority of the 200-plus companies listed in New York as soon as mid-this year, making a rare concession to prevent a further decoupling between the world’s two largest economies. 

The China Securities Regulatory Commission and other national regulators are in the process of drafting a framework that will allow most Chinese firms to keep their listings, people familiar with the process said, asking not to be named discussing a private matter. However, the government is prepared to accept that some state-owned enterprises and private companies that hold sensitive data will be delisted, they said.