The SEC especially now doesn't want to ruin rapport with China as the country has finally said it would allow "observational visits" from American audit-firm inspectors. This step towards potential joint inspections by both Chinese and US inspectors could start a bull rally among Chinese ADRs since it will restore some trust among US investors.
That and the technicals are pointing up on many of these destroyed stocks. This will rally like XIN has. According to China's state-run China Daily newspaper website, the country's property market "has been recovering."
LPH got an independent auditor to document their China reports and US reports are saying the same thing. Many China stocks are trying to show they are legit. They are very undervalued and could have a great run back from the lows.