U.S.-listed Chinese stocks jump after China reportedly considers sharing company audits – CNBC

A security personnel stands guard at the opening session of Baidu’s annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019.

Jason Lee | Reuters

New York-listed Chinese stocks jumped Friday after a report that China is considering sharing key information that would allow the firms to continue trading publicly in the U.S.

Beijing regulators are working to give U.S. authorities complete access to audits of Chinese companies listed publicly in New York, Bloomberg reported Friday. The access could come as soon as the middle of this year, according to Bloomberg.

The China Securities Regulatory Commission also told CNBC in a statement that it met with some accounting firms in the country, telling them to consider preparing for joint inspections.

Alibaba jumped 7.3%, JD.com added 4%, Baidu gained 8%, and Pinduoduo rallied 9% as of 10:20 a.m. ET on Friday.

U.S.-listed Chinese stocks

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TICKER	COMPANY	PRICE	%CHANGE
BABA	Alibaba Group Holding Ltd	115.08	5.78

Read Full Story: https://www.cnbc.com/2022/04/01/us-listed-chinese-stocks-jump-after-china-reportedly-considers-sharing-company-audits.html

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