The substantive resolution of Sino-US cross-border accounting and audit regulatory conflicts is not only crucial for the long-term healthy development of Chinese concept stocks, but also has significant implications for the development of China's capital markets and the further integration of global capital markets. Following the logical framework of “Two Crises-Deep-rooted Logic-Paths to Reconciliation”, this paper explores the underlying causes of the Sino-US cross-border accounting and audit conflicts and regulatory responses. The two crises faced by Chinese concept stocks have evolved from “differences in regulatory frameworks” to the “politicization of regulatory conflicts”, reflecting the deeper logic of these conflicts, which lies in divergences over national sovereignty, data security, regulatory models, and cross-border enforcement authority. Accordingly, the reconciliation paths proposed focus on both improving domestic regulatory systems and enhancing cross-border regulatory cooperation. Internally, the emphasis is on “enhancement”—improving the regulatory framework for Chinese concept stocks, strengthening the protection and governance of cross-border sensitive information, and expanding the enforcement authority of Chinese securities regulators. Externally, the focus is on “cooperation”—strengthening cross-border regulatory cooperation concerning securities issuers and accounting firms, as well as enhancing judicial cooperation and mutual assistance in cross-border accounting and auditing. These results provide important insights for substantively addressing Sino-US accounting and audit regulatory conflicts.