China ADR-Delisting Threat Eases as US Gets Access to Audits (3)

US officials said they gained sufficient access to audit documents on companies in China and Hong Kong for the first time, a breakthrough that removes the acute threat of delisting for about 200 companies on New York exchanges.

The US Public Company Accounting Oversight Board said on Thursday that its inspectors have been able to sufficiently review audit documents from firms based in the two jurisdictions, after a decades-long standoff on the issue between Washington and Beijing.

The determination diminishes the chances that companies including Alibaba Group Holding Ltd. and JD.com Inc. will be delisted in the US, though the ...