HONG KONG/NEW YORK -- China and the U.S. have signed an audit oversight agreement, China's top securities regulator announced Friday, paving the way for further cooperation on an impasse that has threatened Chinese shares with delisting.
US-China tensions
China and U.S. sign audit oversight agreement after long negotiations
Deal is only the first step and doesn't eliminate New York delisting risk
Regulators in the U.S. and China have moved to resolve a long-standing impasse over audits of Chinese companies. © Reuters
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