The Real Risk of Chinese ADRs (Part One)
Can the company management handle the regulatory risk?
At the time of writing, Bloomberg just reported that China is making rule changes to allow foreign access to Chinese company audits, thus paving the way for the U.S. compliance of Chinese ADRs (American Depository Receipts). One technicality is that the latest CSRC announcement is only a proposal for rule changes, open to public consultation but not yet…
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