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Daily Dashboard | Chinese government removes financial data reporting rule for NYSE-listed companies Related reading: European Commission's EU-US draft adequacy decision imminent

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The Chinese government changed a rule that previously restricted offshore New York Stock Exchange-listed companies' financial data sharing practices, Bloomberg reports. The revised draft rule removed the requirement that on-site inspections were to be conducted by Chinese regulators. The move could clear a key hurdle for U.S. regulators to access auditing reports of the more than 200 companies listed on the NYSE. The U.S. had set a 2024 deadline to remove noncompliant businesses from NYSE and the Nasdaq index.
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