(Yicai Global) May 21 -- Chinese search engine giant Baidu is considering taking steps to deal with the US government’s oppressive attitude toward foreign firms, including a possible secondary listing in another market such as Hong Kong, according to its chairman.

Robin Li, who is also the Beijing-based company’s chief executive, divulged the plan to the China Daily while he is attending the Chinese People's Political Consultative Conference, the nation's top political advisory body, which opened in the capital today.

The US Senate passed a bill yesterday that may increase the delisting risks for Chinese businesses that trade on US stock markets. The bill would strengthen the supervision of foreign firms listed in the country, requiring them to comply with the US Public Company Accounting Oversight Board’s audits for three straight years and prove that they are not owned or controlled by a foreign government.

Shares of Nasdaq-listed Baidu [NASDAQ: BIDU] fell 1.1 percent yesterday to close at USD108.52 each.