A few minutes ago, the US Public Company Accounting Oversight Board (PCAOB) said it secured complete access to inspect and investigate from its on-site inspections. Reports are not finalized yet and the staff identified numerous potential deficiencies. This is the first update from PCAOB this month. There was speculation that a resolution can be reached by the end of the year. Delisting is now the only major hurdle for the Chinese ADRs - I do not think it will happen as it is in both parties' interests to reach a deal.
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