Asian Tech Press (May 5) -- The U.S. SEC added on Wednesday 88 Chinese companies to the list of entities facing possible delisting, including JD.com, XPeng Inc, and Sinovac Biotech Ltd.

Up to now, there have been 105 U.S.-traded Chinese stocks on the list. In addition, 23 Chinese stocks that previously entered the list have moved to the "conclusive list of issuers identified under the HFCAA."

According to the U.S. Securities and Exchange Commission (SEC)'s updates, the list has included many well-known companies such as JD.com, Bilibili, Pinduoduo, Tencent Music Entertainment Group (TME), Sinovac Biotech Ltd, Huazhu Group Ltd., Nio Inc., China Southern Airlines, China Eastern Airlines Corp. Ltd.

CICC professionals said that the recent rapid expansion of the list is mainly related to the more concentrated timing of the recent disclosure of earnings reports of listed companies.

In early March this year, the SEC first announced five U.S.-traded Chinese companies into the list, the relevant stock prices had a sharp decline. However, after the announcement of the updated list, there was no significant impact on the performance of those Chinese stocks.

Chinese e-commerce giant JD.com said in a HKEx filing that it has been actively exploring possible solutions to the issue of being included in the "provisional list of issuers identified under the HFCAA".

JD.com said it will continue to comply with applicable laws and regulations in both China and the United States in an effort to maintain its listing status on both Nasdaq and the Hong Kong Stock Exchange.

Video-based social media company JOYY Inc., which was also included in the list, responded that it will continue to closely monitor developments, comply with applicable laws and regulations, and strive to maintain its listing status on Nasdaq.