FAST NEWS: PCAOB Completes Chinese Stock Audits Ahead of Schedule in Hong Kong

The latest: Officials from the U.S. Public Company Accounting Oversight Board (PCAOB) in Hong Kong have completed their first on-site audits of Chinese stocks ahead of schedule and may submit preliminary reports to the U.S. securities regulator in the coming weeks, according to a report from Bloomberg last Friday. Looking up: Bloomberg indicated that dozens of PCAOB inspectors may have left Hong Kong over the past weekend. Their audit work of U.S.-listed Chinese companies was originally scheduled to continue until mid-November, but its early completion may reflect that things went…

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Dental Chain Meihao Medical Grits Its Teeth for Seventh IPO Attempt

After failing in its previous six tries, the private medical chain has bitten the bullet once more as it looks for sweet success in its latest listing bid Key Takeaways: Meihao Medical is making its seventh attempt at a Hong Kong IPO, as it reports receiving 70% of its revenue from its main dental facility The company’s gross margin reached 63.6%, easily outperforming other listed peers By Molly Wen As U.S.-China tensions put the brakes on New York listings by Chinese firms, a growing group is lining up to make…

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Could ‘Double 11’ Festival Players Post Their First-Ever Sales Declines?

A combination of macro headwinds and cutthroat competition could make it difficult to achieve another year of substantial growth By Chan Ka Po Now in its 14th year, the Nov. 11 online shopping extravaganza known as “Double 11,” or “Single’s Day,” has always been regarded as a showcase of Chinese consumers’ buying power. This year’s event will undoubtedly be overshadowed by a number of macro challenges as organizers try to post more growth. So, are there early signs that consumer enthusiasm will continue to be high, or will it show…

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