Goldman Sachs analysts say the risk of Chinese stocks delisting from U.S. exchanges has nearly halved after regulators reached an audit agreement. The China Securities Regulatory Commission and US Public Company Accounting Oversight Board announced Friday that both sides signed an agreement for cooperation on inspecting audit work papers of Chinese companies. The PCAOB said it planned to have inspectors on the ground in China by mid-September, and make a determination in December on whether China was still obstructing access to audit information. Goldman Sachs’ Kinger Lau and a team said the deal was only a first step, while the Chinese side said they would provide ‘assistance’ in the inspections. The market may be pricing in around 50% probability’ that Chinese companies could be delisted. . . .