U.S.-listed Chinese stocks jump after China reportedly considers sharing company audits

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Beijing regulators are working to give U.S. authorities complete access to audits of Chinese companies listed publicly in New York, Bloomberg reported Friday.

The access could come as soon as the middle of this year, Bloomberg reported.

Chinese regulators are creating a "framework" that would let most companies stay listed in the U.S., according to Bloomberg. However, certain firms with "sensitive data" could be delisted, the report said. The move comes after the U.S. Securities and Exchange Commission added Chinese search engine company Baidu to its list of U.S.-traded China stocks that could be delisted if American regulators are not allowed to review three years worth of financial audits.

 

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