Reuters reports that $BABA, $JD, and $YUMC are among the US-listed companies notified of US audit inspections, which begin next month. This follows a landmark audit deal between the two countries allowing US regulators to vet accounting firms in mainland China and Hong Kong.

Hopefully, this will end the long-running dispute that threatened to boot more than 200 Chinese companies from US stock exchanges. IMO, the companies mentioned are private companies that have nothing to hide. These businesses already get audited by proper Western accounting firms like PwC, Deloitte, and KPMG. I doubt the US audit watchdog will find anything substantial.

In my portfolio, I still hold Alibaba and Yum China, the owner of KFC, Taco Bell, and Pizza Hut restaurants in China. Both companies don’t fit in my investing strategy anymore since I switched to only investing in US companies. However, both are solid businesses, and I expect to at least break even on YUMC and get a higher exit price on BABA in the following months.