Chinese Stocks May Extend Gains on Talks to Avoid Delistings

(Bloomberg) — Chinese equities may extend gains on Friday after news that regulators were progressing in talks to avoid the delisting of companies in New York gathered momentum.

The Nasdaq Golden Dragon China Index jumped 6.3% overnight, the most since June, with shares of Alibaba Group Holding Ltd. and JD.com Inc. both gaining at least 8%. China regulators have instructed major accounting firms to prepare to bring audit work papers of U.S.-listed Chinese companies to Hong Kong, where they can be reviewed by US officials, according to a person familiar with the matter.