Rapprochement in dispute over audit files

According to the Financial Times, China wants to make concessions to the US in the dispute over audit reports of companies listed on US stock exchanges. This is intended to approach the authorities and prevent hundreds of Chinese companies from being excluded from US stock exchanges, the newspaper reported. This involves access by the US Securities and Exchange Commission, for example, to the audit files of Chinese companies, which they have so far refused to disclose in full. China previously justified this with security concerns.