Chinese stocks have been a bloodbath last year with concerns of delisting. But there seems to be a small turnaround from Chinese government:
Beijing is preparing to make concessions on the disclosure of some audit information. Regulators are finalizing plans on what financial audit information can and cannot be disclosed abroad, which would provide further clarity on a law that currently prohibits foreign regulators from conducting investigations within China.
What is your take on the sincerity of this change in Chinese government's stance. Why the sudden turnaround? I thought China was eager to bring more of their stocks back to China where they can be better controlled.
Is this perhaps a sign that a new more liberal group of party officials are now in control (unlikely imo)? Or maybe Chinese government know their economy is about to tank so they're trying to bring in as much foreign investment as possible?
Also, even if they are sincere, note that the quote said they are willing to make concession on some information. So it might be likely that the US regulators would not accept this compromise.
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