Tencent Music Set to List in Hong Kong Next Week Without New Fundraising

ooperation, providing a feasible way for both sides to discharge their regulatory mandates while protecting relevant information, the state media Xinhua News Agency commented.

It was reported that PCAOB inspectors could fly to Hong Kong as early as this week for audit inspection on U.S.-listed Chinese companies under the deal, and then PCAOB officials would decide if they obtain enough access to audit papers to recognize Chinese firms meet compliance requirements. The on-site inspection was said to involve review of the latest financial documents, check of internal control systems and interview with audit personnel.

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