News: US regulators completed the first round of on -site audit in advance of the Chin

People familiar with the matter revealed that US audit officials completed the first round of audit work on Chinese -funded companies in advance, showing that the progress of Sino -US audit cooperation has made progress to avoid hundreds of Chinese companies including Alibaba and Yumsum China from the US stock market.Pick up.

According to Bloomberg News Agency on Friday (November 4), anonymous insiders reported that dozens of auditing officials from the U.S. listed company's accounting supervision committee (PCAOB) left Hong Kong as soon as this weekend.Democratic period.The insiders said that although the Chinese regulatory agency demanded deletion of specific information, the audit work still made progress.

With the rising momentum of the New York market Nasdaq's Jinlong China index, the Hong Kong stock market Hang Seng China Enterprise Index rose 8.5%on Friday (4th).The New York market Nasdaq's Golden Dragon China Index rose more than 3 % on Thursday (3rd).The offshore RMB rose more than 1 % against the US dollar, following the rise of the stock market.Alibaba's stock price soared 21 % in the Hong Kong stock market, and Meituan and Tencent's stock price increased by more than 10 %.

Hong Yan, a partner of Sirui Group, said that if the audit disputes in the United States and China are resolved, then the stock market, especially the US deposit certificate (ADR) and technology stocks, must be good news.This is why these stocks perform well, although the Fed's position has a strong stance and the US stock market has plummeted; the market usually buys with hopeful conditions and sells it without news.

However, it is too early to determine whether the Chinese stocks have passed.People familiar with the matter said that PCAOB may submit preliminary reports on key inspections in the next few weeks, or point out internal control and record preservation to point out the lack of or improved space.

PCAOB spokesman did not reply to emails sent outside the United States.The China Securities Regulatory Commission did not immediately respond to the request of the comment.

One of the people familiar with the matter said that after the on -site audit work, officials from the China Securities Regulatory Commission and PCAOB will continue to communicate online.