News Snapshot:
HONG KONG (Reuters Breakingviews) -Beijing has conceded to U.S. demands which could theoretically let $1.5 trillion of New York equities skip delisting. However, a large swathe of Chinese companies will still leave New York, willingly or otherwise. The remaining constituents could be an uninspiring lot. This squabble has been underway since 2007, but the issue gained wider investor attention in 2011 when multiple mainland companies were booted out over fraud. The most notable was Longtop Financial Technologies, underwritten by Goldman Sachs and Deutsche Bank and audited by Deloitte’s Chinese unit. Chinese security law blocked Deloitte China and other auditors from...
