By Josh Beckerman

 

Shares of many Chinese companies declined Thursday after the Securities and Exchange Commission expanded the list of companies facing potential delisting under the audit inspection requirements of the Holding Foreign Companies Accountable Act.

The decliners included several businesses previously added to the list, such as iQIYI Inc., whose American depositary receipts were down 13% to $3.38.

New names on the list include Pinduoduo Inc., which fell 11% to $40.33, JD.com Inc., which declined 6% to $59.42, and NIO Inc., which was down 15% to $15.46.

JD.com said it has been actively exploring possible solutions, and would strive to maintain listing status on both Nasdaq and the Hong Kong Stock Exchange. Other companies also said they are exploring solutions and seeking to maintain their listings.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

May 05, 2022 13:22 ET (17:22 GMT)

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