Chinese firms avert delisting as U.S. audit watchdog gets full inspection access

The statement from the Public Company Accounting Oversight Board marks a victory for U.S. regulators and a relief for Chinese firms, including Alibaba, facing delisting amid rocky relations between the world's largest economies. Washington and Beijing have been locked in a heated trade and technology war.

U.S.-listed shares of Chinese companies started trading higher amid the news, but gave up gains due to broader financial market pressure. Investors and attorneys have been awaiting news from the PCAOB on whether U.S. inspectors received the access promised.during the seven-week inspection.In separate news on Thursday, the Biden administration added Chinese memory chipmaker YMTC and 21 "major" Chinese players in the artificial intelligence chip industry to a trade blacklist, broadening its crackdown on China's chip industry.

PCAOB staff identified "numerous potential deficiencies" in their inspection work, the board's chair said, saying the inspection reports will be finalized and made public next year.

China has abused our kindness ...throw them out ...sell them no farm land next to military 🪖 or anywhere on USA soil

Countries should not be depending on US for anything , all countries especially the developing ones need a better world.

MahsaMohammadi was arrested in early October just because of a tweet who had written, and she’s accused of blasphemy. and may be sentenced to death. The Islamic Republic rapes virgin girls before execution because they believe that virgin girls should not be executed !!

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US toughens restrictions on Chinese tech firms linked to military | CNN PoliticsThe United States added a major Chinese chipmaker and dozens of other Chinese companies to a trade blacklist Thursday as it works to restrict Beijing's high-tech and artificial intelligence industries. Something like banning ticktock on phones was proposed long ago but implemented only by India. Now also USA is just banning on government issued phones. Attempts have long way to go still🤷🏽 A valiant effort, yet; every single buisness that operates in china and most Chinese businesses around the world are linked to the Chinese military.
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Chinese firms avert delisting risk as U.S. watchdog gets 'full access' in audit inspectionsThe U.S. Public Company Accounting Oversight Board on Thursday said it has gotten full access to inspect and investigate firms in China for the first time ever, removing the risk that around 200 Chinese companies could be kicked off U.S. stock exchanges.
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