U.S. and China reach landmark audit deal in boon for Chinese tech companies

U.S. rules stipulate that if China is not found to be in compliance, its companies could be barred from U.S. exchanges by early 2024, but that deadline could be brought forward. Gensler said Chinese companies still faced delisting if the inspections were obstructed. The PCAOB and SEC expect to make a determination on China's compliance by the end of the year, officials said.

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