The stock price of Li Auto (LI) increased by 4.61% today. Investors are responding to a couple of catalysts.

The first catalyst is a report that the U.S. and China are getting close to reaching an agreement that would enable American accounting regulators to travel to Hong Kong for inspecting auditing records of China-based companies listed in the U.S. Regulators in China would essentially arrange for U.S. listed Chinese companies and accounting firms to transfer audit paperwork from mainland China to Hong Kong. And then the U.S. regulators would travel to Hong Kong to perform on-site inspections of records. But this agreement would be reached if U.S. regulators have full access to audit paperwork.

Another catalyst has to do with reports that the Chinese government would be launching a 19-point policy package to increase the stimulus amount by 1 trillion Yuan – which converts to about $146 billion. This stimulus would be used for infrastructure spending and half of that amount would go towards special bonds for local governments.