Under Pressure in the US, Chinese Firms Seek Share Sales in Hong Kong

A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, on March 9, 2020. Kin Cheung/AP Photo

Under increasing scrutiny in the U.S. capital markets, a number of major Chinese firms are reportedly seeking secondary listings in Hong Kong.

Media reports emerged within the past week that two Chinese technology firms—online gaming and entertainment company NetEase and e-commerce giant JD.com—are trying to sell shares in Hong Kong later this year.