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Beijing and Washington took a major step on Friday towards ending a dispute that threatened to boot Chinese companies, including Alibaba, from U.S. stock exchanges, signing a pact to allow U.S. regulators to vet accounting firms in China and Hong Kong.
Washington and Beijing sign initial audit agreement.
China and US took a major step toward ending a dispute that threatened to boot Chinese companies
Beijing and Washington took a major step on Friday towards ending a dispute that threatened to boot Chinese companies, including Alibaba, from US stock exchanges, signing a pact to allow US regulators to vet accounting firms in China and Hong Kong.
Deal gives China the chance to retain access to the world's deepest capital markets if it works in practice