By Dhirendra Tripathi

Investing.com – Shares and ADRs US-listed Chinese companies were rebounding strongly in premarket Wednesday on reports that the regulators in the two countries are nearing a cooperation plan.

ADRs of Alibaba JD.com (NASDAQ.com) and its rival JD.com were both up 20% and 21% respectively. Tencent Music (NYSE.) was 28% higher, a division of Tencent Holdings. Hong Kong-listed Meituan shares closed up 32%

Shares of NetEase, NASDAQ: were up 18% Pinduoduo (NASDAQ) soared by 33%. Shares of EV maker Li Auto, (NASDAQ) and Xpeng, (NYSE:), jumped 24% and 20% respectively. The Nio ADRs were 19% more traded (NYSE:). Didi ADRs were 37% higher (NYSE:).

This bounceback is small in comparison to the many billions of dollar investors lost in Chinese shares during the past 9-10 months since Chinese authorities cracked down on online businesses. The truce between the world’s two largest economies will also mean a closure of that action.

Many Chinese companies have tapped American investors in order to list on NYSE or Nasdaq, despite record low interest rates and unimaginable liquidity. They include internet companies such as JD.com or Alibaba that hold vast quantities of data about Chinese consumers. Authorities in the mainland haven’t been comfortable with the data these companies may have to share with the US regulators to meet compliance norms.

According to the Securities and Exchange Commission, five US-listed securities that are owned by Chinese companies were last week at high risk of being delisted. Worries about forced stock delistings from US exchanges had added to investors’ concerns about economic growth. Monday, JPMorgan China Internet analysts led by Alex Yao said they considered the sector “uninvestable” for 6 to 12 months, CNBC said.