SEC official said on Tuesday that "significant challenges remain" in reaching an agreement with China over a long-running dispute over auditing compliance of Chinese-based companies listed on U.S. stock exchanges, reported Reuters.
What happened: YJ Fischer, the SEC's international affairs chief, mentioned that the U.S. Public Company Accounting Oversight Board (PCAOB), would need to complete China audit inspections by Nov. 22 to meet a U.S. deadline requiring non-compliant Chinese companies to delist by early 2023
