(Yicai Global) May 5 -- JD.Com’s stock price rose in Hong Kong after China’s largest internet retailer said it will strive to keep its stock listed in the United States following the company’s inclusion on a list of firms facing possible removal from US exchanges.

Shares of JD [HKG: 9618] added 0.8 percent in Hong Kong today to close at HKD241.60 (USD30.78) each, after earlier swinging between a gain of as much as 4.1 percent and a drop of 0.6 percent.

The US Securities and Exchange Commission yesterday added 88 US-listed Chinese stocks, also including Bilibili and Pinduoduo, to a register of foreign companies at risk of being kicked off American exchanges, raising the total number of Chinese companies on the list to 105.

JD is exploring possible solutions and will strive to maintain its Nasdaq listing, the Beijing-based e-commerce giant said in a filing to the Hong Kong exchange today. The company also said it will continue to abide by applicable laws and regulations in China and the United States.

JD said it understood that the SEC made the decision under the Holding Foreign Companies Accountable Act, indicating that the regulator determined that JD used an auditor whose auditing reports currently cannot be reviewed by the Public Company Accounting Oversight Board for the fiscal year ended Dec. 31, 2021.

The Holding Foreign Companies Accountable Act, a piece of US legislation passed in 2020, empowers the SEC to delist overseas firms whose audits the PCAOB is unable to check for three years in a row.

JD’s shares [NASDAQ: JD] were down 2.6 percent at USD61.52 apiece in pre-market trading in New York today at 7.21 a.m. local time. They gained 1.6 percent yesterday.

Editor: Peter Thomas