US, China Reach Preliminary Deal in Push to Avoid Delistings.

Keywords: ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; US; WORLD EN ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM STK SVC US WORLD RH82C8T0AFB8 As part of the deal, China will allow Public Company Accounting Oversight Board inspectors to access audit work papers and personnel, according to statements by US and Chinese regulators on Friday. Talks between Beijing and Washington gathered pace after state-owned companies including China Life Insurance Co., PetroChina Co. and China Petroleum & Chemical Corp. said on Aug. 12 that they planned to delist from US exchanges. [Extracted from the article]