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US-Listed China Stocks Soar on Report China Weighing Audit Access -Breaking

by Mike Robinson

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© Reuters. Stocks in China that are US-listed soar following the Report China Weighing Access audit

After Bloomberg’s report that China is giving US regulators complete auditing access, shares of China-traded stocks rose sharply in pre-open Friday.

As China prepares to make a concession to the world’s largest economic competitor, over 200 US-listed China companies may soon be available for auditing.

Bloomberg reports that the China Securities Regulatory Commission is currently working on a document to allow Chinese-based businesses to continue to trade on US exchanges.

Certain companies dealing with sensitive information could be still delisted from stock exchanges, and the Chinese government would also consider this option.

So, Alibaba Stock price at (NYSE:), up 6.7%; JD.com (NASDAQ) 5.8%. Shares of Pinduoduo (NASDAQ) traded over 12% higher pre-market Friday

The US SEC published last month a preliminary list of US companies that might be delisted.

By Senad Karaahmetovic

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