Shares of several Chinese stocks, including Baidu Inc (NASDAQ:BIDU), JD.Com Inc (NASDAQ:JD) and ContextLogic Inc (NASDAQ:WISH), are all trading higher Monday afternoon following a potential rule change that would allow Chinese companies to share sensitive data with US regulators, thus lowering risk of delisting.
The China Securities Regulatory Commission over the weekend announced proposed revisions to rules which previously allowed only Chinese regulators to conduct on-site audit inspections of Chinese companies listed overseas. Changes have been proposed to “accommodate the new circumstances and developments concerning overseas securities listings and offerings.”
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- Baidu is trading higher by 8.42% at $152.84. Baidu has a 52-week high of $228.53 and a 52-week low of $102.18
- JD.Com is trading higher by 6.61% at $63.00. JD.Com has a 52-week high of $92.69 and a 52-week low of $41.56
- ContextLogic is trading higher by 9.43% at $2.50. ContextLogic has a 52-week high of $16.62 and a 52-week low of $1.60
