For YEARS regulators in Washington have been trying to gain access to the books of Chinese companies listed in America, to ensure they are in good order. Their counterparts in Beijing have refused, invoking vague national-security considerations. This summer it seemed as though Chinese firms with nearly $1trn-worth of shares traded in America would be forced to delist from American bourses as a result of the stalemate. On December 15th America’s auditing regulator announced a breakthrough: its team has been allowed to conduct inspections in Hong Kong.
Listen to this story. Enjoy more audio and podcasts on iOS or Android.
Your browser does not
→ Continue reading at The Economist
