China-US deal: Stop the fanfare

A years-long standoff over access to the accounts of Chinese companies listed on Wall Street appears to have come to an end now that a deal has been announced. Good news, but….

While the ‘hawkish’ statements by Powell and ECB board members have caught everyone’s attention, the “audit deal” announced between the US and China last week may have escaped your attention. However, it is important news because the deal is an end to a long-running conflict, and on Wall Street. The risk of delisting from Chinese companies like Alibaba has passed.

However, it is still too early to flag.