Two weeks after five Chinese state-owned companies announced to voluntarily delist from the U.S. market, China and the U.S. signed an audit oversight cooperation agreement on August 26th. The China Securities Regulatory Commission said "it is an important step forward" by regulators of both sides and that "keeping Chinese companies listed on the U.S. markets is an all-win arrangement." What's the significance of this agreement for both sides? How difficult was the negotiation process? Amid tense bilateral relations, are we witnessing a partial thaw in relations?